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Housing Law

Will the Mortgage Forgiveness Debt Relief Act be renewed?

January 23, 2012by Elizabeth Rosar Chermack0

Will the Mortgage Forgiveness Debt Relief Act be renewed? I wish I knew the answer to that question. Right now, there is a lot of uncertainty about the renewal of the Mortgage Forgiveness Debt Relief Act. According to the IRS website, the Mortgage Forgiveness Debt Relief Act “applies to qualified principal residence indebtedness forgiven in calendar years...

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