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Congress Extends Mortgage (Debt) Forgiveness Relief Act
The Law Office of Neustein Law Group

Millions of Americans exhaled a collective sigh of relief when the Mortgage (Debt) Forgiveness Relief Act. The Act was extended for another year and applied retroactively from December 2013 through December 2014. The Mortgage Forgiveness Debt Relief Act provides a critical exemption to taxable income that banks attribute to borrowers after a successful foreclosure settlement…

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