We need help getting Congress to extend The Mortgage Debt Relief Act. The Mortgage Debt Relief Act helps homeowners who cannot meet their financial obligation on their mortgage and have elected to complete a short sale. If the Mortgage Debt Relief Act IS NOT extended when these homeowners complete a short sale it will be a taxable event. We at Whatisashortsale.org are already seeing many homeowners delay or drop their short sale because they DO NOT have the money to pay the tax consequence. Industry experts are saying that this will result in more Foreclosures. We know this will be a hindrance to our communities as they drag down property values and create more vacant homes. I have 15 years of real estate industry experience, this Relief Act has really helped people...Please Help!
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