Congress is scheduled to vote on the Mortgage Forgiveness Debt Relief Act (MFDRA) today. The bill is an attempt to reclassify and thereby forgive foreclosure-related debts as taxable income. The MFDRA has been reinstituted several times since it was...
NATIONAL ASSOCIATION OF INDEPENDENT LAND TITLE AGENTS
MFDRA
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NAILTA Supports Another Extension of the MDRA Until 2015
NAILTA supports another extension of the Mortgage Forgiveness Debt Relief Act (MFDRA) through 2015. Why is this important? Several reasons: The debt relief law spares homeowners who receive principal reductions on their mortgages from being hit with hefty federal...
NAILTA Supports Extension of Mortgage Forgiveness Debt Relief Act
The U.S. Senate Finance Committee has approved a bipartisan bill that would extend the Mortgage Forgiveness Debt Relief Act (MDRA) through 2013. Why is this important? Several reasons: The debt relief law spares homeowners who receive principal reductions on their...