The NATIONAL ASSOCIATION OF REALTORS® has issued a nationwide Call-for-Action, urging you to contact their Members of Congress in support of extending the current Mortgage Debt Forgiveness Tax Relief law. Despite some positive signs of recovery, our nation’s real estate market is still fragile. Over a quarter of all transactions still involve distressed properties. If the law is allowed to expire, homeowners who negotiate a short sale or lose their homes through foreclosure would have to pay federal taxes on the amount forgiven by their lender.
The CALIFORNIA ASSOCIATION OF REALTORS® needs your help to ensure that this is a priority for Congress following this week’s elections and it’s essential that they extend this law before the end of the year.
Please respond to this very important Call-for-Action today.
We need Congress to complete their unfinished housing related business when they return to Washington, DC. The REALTOR® Party and CALIFORNIA ASSOCIATION OF REALTORS® need you to tell Congress to complete their unfinished housing related business when they return to Washington, DC after the election. We need no new obstacles that might throw the housing recovery off track.
Now is the time to pass the extension of the Mortgage Forgiveness Tax Relief.
-Mobile post from Kurt Galitski of The Kurt Real Estate Group.
Location:Costa Mesa
