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-Minnesota mortgage agent draws attention to expiration of 2007 Mortgage Debt Relief Act.

Global Banking News-August 17, 2012--Minnesota mortgage agent draws attention to expiration of 2007 Mortgage Debt Relief Act(C)2012 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 17 August 2012

Minnesota Short sale agent, Kris Lindahl, has drawn attention to the 2007 mortgage Debt Relief Act, which expires by the end of 2012.

According to him, once the act expires homeowners will have to pay taxes on the difference between the short sale price and the mortgage cost. He also says that the extension of the act cannot be assured as it is an election year. He believes that once the act expires, homeowners will struggle financially if they are made to pay taxes.

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Publication:Global Banking News (GBN)
Geographic Code:1U4MN
Date:Aug 17, 2012
Words:136
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