Mortgage Cancellation Debt Relief

Coin Stacks

 

A law enacted in 2007 provided temporary relief to troubled borrowers when some portion of mortgage debt is forgiven. That relief has expired and been extended several times. The last extension provided relief for debt forgiven through Dec. 31, 2013.

This is an ongoing issue, with the national association advocating for another extension with a Call for Action urging REALTORS® to tell their Senators to pass a retroactive extension currently up for a vote.