We all hope the Mortgage Forgiveness Debt Relief Act will be extended at least one more year, but we are uncertain when and if this will happen; here are the bills that would cause this act to be extended:
The Mortgage Forgiveness Debt Relief Act and Debt Cancellation Extended to End of 2013
Many Phoenix Arizona distressed homeowners are waiting to find out whether or not the Mortgage Forgiveness Debt Relief Act of 2007 will be extended into and beyond 2013.
Are You Misinformed About the Mortgage Forgiveness Debt Relief Act
The Nagel Law Group which operates out of Phoenix Arizona posted a very interesting article about traditional phoenix homes for sale versus distressed homeowner homes for sale and ties it all into the Mortgage Forgiveness Debt Relief Act.
The basis of the article had to do with the fact that for April 2012, traditional Phoenix home for sale listings fell by 31% while while distressed homeowner property for sale which includes foreclosure and short sale listings fell by a whopping 81%.