If you are a homeowner whose mortgage debt is partly or entirely forgiven during tax years 2007 through 2012, you may be able to claim special tax relief and exclude the debt forgiven from your income. Here is a link to ten facts that you need to know about mortgage debt: http://www.irs.gov/newsroom/article/0,,id=205004,00.html
Kevin Whatley
NMLS License #113781
Mortgage Banker
Universal Home Mortgage
Company NMLS #2289
Shreveport, Louisiana
877-786-5578
http://www.universalhomemtg.com/
http://www.facebook.com/louisianarealestateagent (Facebook Fan Page To Help Real Estate Agents)
http://www.zerodownworkshops.com/ (My 100% Free Online Workshops)
http://kevinwhatley.net/ (My Daily Mortgage Market Report)
