Charles Jerome Ware's Mortgage Update: January 1st, 2013 Debt Relief Extension

Attorney Charles Jerome Ware is renowned and consistently ranked among the best attorneys and legal counsellors in the United States. [GQ Magazine, The Washington Post, The Baltimore Sun, The Columbia Flier, USA TODAY, The Howard County Sun, The Anniston Star, The New York Times, et al.]
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The U.S. Congress has voted to extend the Mortgage Debt Forgiveness Act of 2007 for another year (2013).

In sum, the law continues through 2013 that struggling homeowners in certain situations will not be responsible for paying taxes on any of the forgiven debt associated with a short sale, a foreclosure, or a deed-in-lieu of foreclosure.

[www.irs.gov/Individuals/ "The Mortage Forgiveness Debt Relief Act and Debt Cancellation"; www.irs.gov/uac/ "Home Foreclosure and Debt Cancellation"; www.shortsaleexpeditor.com/ "Short Sale"/ "IRS Mortgage Forgiveness Debt Relief Extension"; shortsaletaxpro.com/tag/ "Mortgage Debt Forgiveness"]