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Important Real Estate Update for Property Owners: U.S. Senate Passes Mortgage Debt Forgiveness

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Lenders and real estate agents prefer not. to be involved in the program. The Senate recently voted 66-31 to adopt an amendment that would include energy costs in the Federal Housing Administration.

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WASHINGTON – Jan. 2, 2013 – Yesterday, the House and Senate passed H.R. 8, legislation to avert the so-called "fiscal cliff." Following are real estate-related provisions of the bill, which President Obama plans to sign into law today: Mortgage Forgiveness Debt Relief Act extended to January 1, 2014.

A law enacted in 2007 provided temporary relief to troubled borrowers when some portion of mortgage debt is forgiven. That relief has expired and been.

Important Real Estate Update for Property Owners: U.S. Senate Passes Mortgage Debt Forgiveness Lenders and real estate agents prefer not. to be involved in the program. The Senate recently voted 66-31 to adopt an amendment that would include energy costs in.

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