December 28, 2007
President Signs Home Seller Tax Relief Bill
A bill signed by President Bush last week lets homeowners off the hook for a little-known tax bite that occurs when mortgage debts are forgiven. The reprieve applies to households that use short sales or other mortgage relief efforts during 2007, 2008 and 2009.
The National Association of Realtors is among those saluting the president's action, calling it "an issue of fairness and not kicking people when they are down."
Read more here.
Posted by Jeff at December 28, 2007 8:07 AM
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