Short Sales Mortgage Tax Relief to Expire Dec 31st 2012 Take action
By Mahesh Mike Patel, Call Me And Consider It Done!
(First Team Real Estate)
Short Sales Mortgage Tax Relief to Expire Dec 31st 2012 Take action Our National Association of Realtor President Maurice Veissi is urging all the Realtor to take aciton to extend the Mortgage Tax Relief Act which is about to expire on Dec 31st 2012. Here is some information I received via an email: "Despite some positive signs of recovery, our nation’s real estate market is still fragile. Over a quarter of all transactions still involve distressed properties. That is why you must take action now and tell Congress to extend Mortgage Forgiveness Tax Relief. Without an extension, families engaged in loan modifications, short sales, or foreclosures will face a big tax bill. Neither consumers nor the housing market need that added burden. Homeowners shouldn’t be forced to pay a tax on m...
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