Debt Forgiveness Law
Survives
The real estate and
mortgage industry can breathe a sigh of relief with the final fiscal cliff deal
bringing back The Mortgage Debt Relief Act, a popular tax break on mortgage
insurance premiums and debt forgiveness for borrowers who go through a short-sale
or some other type of debt reduction. Read More
M.I. Deduction
Survives for Most
The fiscal cliff deal preserved a tax deduction for the premium cost of
mortgage insurance on homeowners with an adjusted-gross income of under
$100,000. Read More
Housing a Sweet Spot
for Housing Recovery
U.S. home sales and prices are poised to rise in 2013, solidifying a
recovery that began last year after a half-decade slump that was the deepest
since the Great Depression, according to analysts and economists surveyed by
Bloomberg. Read More
John Easterbrook
(916) 224-7653John.Easterbrook@spmc.com
Licensed – NMLS # 226555
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