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 off [...]
Entries Tagged as 'non-recourse debt'
Mortgage Forgiveness Debt Relief Act of 2007 – Which RSM Home Owners / Sellers Will it Benefit?
December 22nd, 2007 · 5 Comments
Tags: debt relief · financial relief · foreclosure · foreclosure help · h.r. 3648 · mortgage forgiveness debt relief · non-recourse debt · non-recourse loan · rancho santa margarita · recourse debt · recourse loan · rsm · short sale
