NAR letter to the House supporting the "Mortgage Forgiveness Tax Relief Act"
Issue Date: September 20, 2013
US HR 2994 - Mortgage Forgiveness Tax Relief Act of 2013
NAR sent a letter to the House of Representatives urging members to cosponsor HR 2994, the "Mortgage Forgiveness Tax Relief Act," introduced by Rep. Tom Reed (R-NY) and Charles Rangel (D-NY). This act would extend current law provisions that allow tax relief for homeowners when lenders forgive some portion of mortgage debt they owe.