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Housing Legislation Fact Sheet United States - US ...
US HR 3648 Mortgage Forgiveness Debt Relief Act of 2007 Gave ‘cancellation of debt’ 1099C relief through 12/31/2009 to those eligible who short sell their property or lose to foreclosure (e.g., 25% tax bracket, 200,000 second mortgage loss = 50,000 in taxable income).
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CALIFORNIA FORECLOSURE LAW
www.sandiegohousingsolutions.comCALIFORNIA FORECLOSURE LAW Real Estate Law Topics - DEFAULTS AND FORECLOSURES i. Non-judicial foreclosures 1. What is a non-judicial foreclosure?
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Exclusion for Income from Discharge of Indebtedness ...
russophdcpa.comThe Mortgage Forgiveness Debt Relief Act of 2007, P.L. 110-142, provides an exclusion from income for the discharge of indebtedness (DOI) on a qualified principal residence. The exclusion is effective for home mortgage debt discharged between January 1, 2007, and
HB 1155 Department of Legislative Services 2017 Session
mgaleg.maryland.govThe federal Mortgage Forgiveness Debt Relief Act of 2007 enacted a temporary measure that excludes from the gross income of a taxpayer any discharge of indebtedness income by reason of a discharge of qualified principal residence indebtedness.
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PROPERTY ACQUISITION WORKSHEET
fortunebuilderstv.s3.amazonaws.comThe Mortgage Forgiveness Debt Relief Act was introduced in Congress on September 25, 2007, and became law on December 20, 2007. This act offers relief …
HOUSE BILL 1155 - Maryland General Assembly
mgaleg.maryland.gov9 federal Mortgage Forgiveness Debt Relief Act of 2007, as amended, prior to its expiration 10 on December 31, 2012, and without regard to the date limitation in § …
Massachusetts Alliance Against Predatory Lending
maapl.infoThis bill provides relief to every Massachusetts citizen who receives any kind of debt forgiveness related to their primary residence. Based on initial reports of the National Mortgage Settlement Monitor, in the short period between March
Mortgage Forgiveness Debt Relief Law - sonlehome.com
sonlehome.comThe Mortgage Forgiveness Debt Relief Act of 2007 was enacted on December 20, 2007 (see News Release IR-2008-17). Generally, the Act allows exclusion of income realized as a result of modification of the terms of the mortgage, or foreclosure on your principal residence.
Mortgage Forgiveness Debt Relief Act
images.kw.comAUSTIN REALTOR ® 12 February 2008 On December 20, 2007, the Mortgage Forgiveness Debt Relief Act of 2007 (the “Act”) was signed into law. The Act was passed in part in response to