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Lane
Lane , JD, CFP, MBA, CRPS
Category: Finance
Satisfied Customers: 9215
Experience:  Law Degree, specialization in Tax Law and Corporate Law, CFP and MBA, Providing Financial & Tax advice since 1986
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What is the latest news on the extension of the Mortgage Debt

Resolved Question:

What is the latest news on the extension of the Mortgage Debt Relief Act?
Submitted: 3 years ago.
Category: Finance
Expert:  Lane replied 3 years ago.

NPVAdvisor :

Hi I can help with this ... let me check something BRB

NPVAdvisor :

As part of the law passed as a last minute escape of the so-called fiscal cliff, Congress extended the Mortgage Forgiveness Debt Relief Act to the great relief of homeowners who’ve suffered foreclosure.

NPVAdvisor :

you there?

NPVAdvisor :

By the way both short sales AND deeds in Lieu were covered

NPVAdvisor :

Here's


A good article on it

Customer:

Excellent. Is the extension the same as the previous law? What kind of debt does it cover?

NPVAdvisor :

Yes the law was essentially expended as it was ...

NPVAdvisor :

Not only are foreclosures covered ...

NPVAdvisor :

But Short Sales and Deeds in Lieu, as well

NPVAdvisor :

here are two good articles

NPVAdvisor :

http://www.cbsnews.com/8301-250_162-57561752/obama-signs-fiscal-cliff-bill-into-law/

NPVAdvisor :

and

NPVAdvisor :

A good article from Lawyers.com

NPVAdvisor :

sorry for the type (exTended)

Customer:

Excellant help. I will use you again and tell others about the web site. Thanks, XXXXX - IBR Realty. Cokato, Mn

NPVAdvisor :

Thank you Paul

NPVAdvisor :

To ask for me again, just say “For NPVAdvisor” at the beginning of your question


OR


Go here: NPVAdvisor and enter it in the question box


Thanks,

NPVAdvisor :

Lane

NPVAdvisor :

Is Cokato close to the Twin Cities?

Lane and other Finance Specialists are ready to help you
Expert:  Lane replied 3 years ago.


Thanks for the feedback Paul.


Have a great day!

Lane