It is time to pass an Extension of Mortgage Forgiveness Tax Relief

It is time to pass an Extension of Mortgage Forgiveness Tax Relief

Despite some positive signs of recovery, our nation’s real estate market is still fragile. Over a quarter of all transactions still involve distressed properties. That is why you must take action now and tell Congress to extend Mortgage Forgiveness Tax Relief.

Without an extension, families engaged in loan modifications, short sales, or foreclosures will face a big tax bill. Neither consumers nor the housing market need that added burden. Homeowners shouldn’t be forced to pay a tax on money they’ve already lost with cash they never received.

The REALTOR® Party needs you to tell Congress to complete their unfinished housing related business when they return to Washington, DC after the election. We need no new obstacles that might throw the housing recovery off track. It is time to pass an extension of Mortgage Forgiveness Tax Relief. Please take action today.

For more information contact Short Sale Specialist Tami Winbury Keller Williams Realty 805-798-3412. DRE#01878369

NAR President Moe Veissi, wants us all to know this is vitally important.