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  2. Mortgage Forgiveness Debt Relief Act of 2007 - Wikipedia

    en.wikipedia.org/wiki/Mortgage_Forgiveness_Debt...

    The Mortgage Forgiveness Debt Relief Act of 2007 was introduced in the United States Congress on September 25, 2007, and signed into law by President George W. Bush on December 20, 2007. This act offers relief to homeowners who would have owed taxes on forgiven mortgage debt after facing foreclosure. The act extends such relief for three years ...

  3. What is debt forgiveness? - AOL

    www.aol.com/finance/debt-forgiveness-202301471.html

    Mortgage debt forgiveness Technically, mortgage debt isn’t forgiven unless there is a deficient balance after the sale or foreclosure of a property. If a borrower is struggling to make payments ...

  4. Mortgage Tax Break Days Away From Expiring - AOL

    www.aol.com/news/2012-12-24-mortgage-tax-break...

    By Les Christie A tax break that has saved struggling homeowners from paying thousands of dollars to the IRS is just days away from expiring. If the Mortgage Forgiveness Debt Relief Act of 2007 ...

  5. Category:Debt relief - Wikipedia

    en.wikipedia.org/wiki/Category:Debt_relief

    Mortgage Forgiveness Debt Relief Act of 2007; S. Shmita This page was last edited on 21 April 2024, at 07:45 (UTC). Text is available under the Creative Commons ...

  6. What is a deed in lieu of foreclosure? - AOL

    www.aol.com/finance/deed-lieu-foreclosure...

    The Mortgage Forgiveness Debt Relief Act, which has been extended through December 2025 with the Further Consolidated Appropriations Act of 2021, relieves homeowners from having to pay taxes on ...

  7. List of acts of the 110th United States Congress - Wikipedia

    en.wikipedia.org/wiki/List_of_Acts_of_the_110th...

    Mortgage Forgiveness Debt Relief Act of 2007: To amend the Internal Revenue Code of 1986 to exclude discharges of indebtedness on principal residences from gross income, and for other purposes. Pub. L. 110–143 (text) December 21, 2007 Methamphetamine Remediation Research Act of 2007

  8. A comprehensive guide to debt relief programs - AOL

    www.aol.com/finance/debt-relief-guide-know...

    Debt forgiveness is typically used for non-credit-card debt, like student loans, mortgages, medical debt or even taxes. Pros of debt forgiveness programs All or part of your loan could be wiped out.

  9. Government intervention during the subprime mortgage crisis

    en.wikipedia.org/wiki/Government_intervention...

    The government interventions during the subprime mortgage crisis were a response to the 2007–2009 subprime mortgage crisis and resulted in a variety of government bailouts that were implemented to stabilize the financial system during late 2007 and early 2008.