Las Vegas, NV – January 14, 2012 – (RealEstateRama) — As part of the fiscal cliff deal, the Mortgage Debt Forgiveness Act of 2007 has been extended for one more year and will now expire on December 31, 2013. The relief act’s extension was seen as vital to the recovering housing market. Under normal circumstances, debt forgiven as a result of a short sale or mortgage modification would count as income for tax purposes. For instance, if somebody owes $250,000 on their mortgage and their lender agrees to a $200,000 short sale, $50,000 in debt is forgiven. This would have been taxable without an extension of the law.
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GFP Real Estate and Its Tenants Raise More Than $200,000 to...
GFP Real Estate is pleased to announce that its "Support Ukraine in Crisis" campaign raised more than $200,000 to support humanitarian relief efforts on the ground in Ukraine.
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Recent Gov & Nonprofit Real Estate Press Releases
The Impact of High Speed Rail on Real Estate in China
In recent years, the interplay between high-speed rail (HSR) systems and land markets has emerged as a topic of significant interest. Despite the growing attention, the specific effects and underlying mechanisms of HSR on land prices have not been extensively studied. Our research aims to bridge this gap by analyzing China's land transaction data.
