Rancho Santa Margarita Homes & Lifestyles

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Entries Tagged as 'foreclosure help'

Mortgage Forgiveness Debt Relief Act of 2007 - Which RSM Home Owners / Sellers Will it Benefit?

December 22nd, 2007 · 5 Comments

Good news for many distressed home owners who are upside-down in their homes!
H.R. 3648 has been signed into law by President Bush. The primary purpose of this bill is to temporarily provide relief to financially-devastated home owners by shielding them from the additional burden of potential federal income tax on any amount written […]

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Tags: recourse debt · non-recourse loan · non-recourse debt · foreclosure help · mortgage forgiveness debt relief · recourse loan · financial relief · short sale · rancho santa margarita · debt relief · foreclosure · h.r. 3648 · rsm