EXTEND THE MORTGAGE DEBT FORGIVENESS ACT.
This is the wrong time to punish struggling homeowners by taxing the amount of their mortgage loan that the lender agrees to forgive, whether through a short sale or deed in lieu.
The Mortgage Debt Forgiveness Act has not only helped homeowners facing financial problems, but the housing market overall.
We're approaching an economic recovery in the housing market, and the Mortgage Debt Forgiveness Act is a large part of this.
EXTEND THE MORTGAGE DEBT FORGIVENESS ACT!
This petition closed almost 4 years ago
We must tell our representatives in Washington, DC that extension of the Mortgage Debt Relief Act of 2007 is imperative to the nation's economic recovery and to enable struggling homeowners to get on with their lives.