Printer Friendly

-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 EXPIRATION. Cessation; end. As, the expiration of, a lease, of a contract, or statute.
     2. In general, the expiration of a contract puts an end to all the engagements of the parties, except to those which arise from the non- fulfillment of obligations created
 of 2007 Mortgage Debt Relief Act(C)2012 ENPublishing -

Global Banking News - 17 August 2012

Minnesota Minnesota, state, United States
Minnesota (mĭn'ĭsō`tə), upper midwestern state of the United States. It is bordered by Lake Superior and Wisconsin (E), Iowa (S), South Dakota and North Dakota (W), and the Canadian provinces
 Short sale agent, Kris Lindahl, has drawn attention to the 2007 mortgage Debt Relief Act, which expires by the end of 2012.

According to according to
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

 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.

[Editorial queries for this story should be sent to]

((Distributed via M2 Communications -
COPYRIGHT 2012 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2012 Gale, Cengage Learning. All rights reserved.

 Reader Opinion




Article Details
Printer friendly Cite/link Email Feedback
Publication:Global Banking News (GBN)
Geographic Code:1U4MN
Date:Aug 17, 2012
Previous Article:-Swiss banks handover employees to US, to seek leniency in tax evasion charges.
Next Article:-Affin shares rise on potential stake purchase in Bank Muamalat.

Terms of use | Copyright © 2014 Farlex, Inc. | Feedback | For webmasters