Tag: tax relief

Relief from mortgage debt doesn’t have to result in heavy tax burdens   In the wake of the 2007 housing market crash, Congress enacted the Mortgage Forgiveness Debt Relief Act of 2007 (the “Act”). Central to the Act was a provision that, subject to certain conditions, temporarily excluded debt forgiveness from a mortgage lender on… Continue reading Options for Distressed Homeowners: the Mortgage Forgiveness Debt Relief Act