Looking Back on Short Sales & Looking to the Future of Real Estate

gbarrett Leave a Comment

Mortgage Forgiveness Tax Relief Act Extended In mid 2007, the real estate bubble burst and many homeowners were forced to do a short sale on their home.  As part of a wider piece of tax legislation, Congress has voted to extend the Mortgage Forgiveness Act to 2017.  This Act was originally passed in 2007, and protects the underwater homeowner from …