The Mortgage Forgiveness Debt Relief Act and Debt Cancellation
Aug 3, 2012 ... Forgiveness of a non-recourse loan resulting from a foreclosure does not result in ... However, it may result in other tax consequences.
This debt forgivness act will be going away at midnight on December 31. I feel sorry for all o fthe people I know who have been doing everything they can to get their homes sold, but have been held up by the banks.
All of that aside, it is still time to buy a home in Vero Beach Florida! And this is the place to look if you are looking for homes for sale in Vero Beach Florida