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If for whatever reason you are currently behind on your mortgage payments – or foresee that you will soon be unable to continue making your payments – take heart: you do have options and more importantly, we can help. Now serving the greater Seattle area, learn how we can help you today.
The Mortgage Forgiveness Debt Relief Act of 2007 was enacted on December 20, 2007 (see News Release IR-2008-17). Generally, the Act allows exclusion of income realized as a result of modification of the terms of the mortgage, or foreclosure on your principal residence. Senate Passes New Version of Emergency Economic Stabilization Act of 2008After days of deliberation, the House of Representatives voted in favour of the Emergency Economic Stabilization Act of 2008 on Friday in a vote of 263 to 171, allowing the deployment of up to $700 billion to purchase illiquid assets from financial entities. - Read more at Mortgage News Daily
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