In December, Congress pass the Mortgage Forgiveness Debt Relief Act to provide some relief through loosening the tax laws and empowering FHA to help with refinancing. This will help a number of homeowners who are in trouble. Here are three sources that explain the law and its implications for homeowners:
Library of Congress Summary
IRS Summary
Article from Las Vegas Review Journal
If you want more information on Short Sales & Bank-Owned Properties, visit
Understanding Foreclosures Las Vegas.