Bill Anastopoulos
  • Email
  • Facebook
  • Linkedin
  • Twitter
Call Now: 1-520-299-4878
  • I Need a Loan
    • Hard Money Loans
    • I have some credit issues
    • I need a regular loan
  • Investors Only
    • Investing in Trust Deeds
    • Buying Fix & Flips

Mortgage Debt Relief Act Extended Another Year

Happy New Year Friends!

foreclosure-help

This is your Hard Money Lender in Tucson and the Southern Arizona area, Billy A. I just received the following information from my friends at the Combs Law Group, P.C that I wanted to share to get the year off to a good start:

The Mortgage Debt Relief Act (“MDRA”) enacted in 2007 was scheduled to expire December 31, 2012. In the “fiscal cliff” legislation just enacted by Congress, however, the MDRA has been extended until December 31, 2013. Therefore, after a foreclosure or a short sale of a home in Arizona, any debt forgiveness of a mortgage loan used to purchase or improve the home will continue to not be taxable income.

Note: If you would like assistance regarding commercial or residential transactions, business formation, estate planning, contract disputes, HOA issues, landlord tenant disputes, potential litigation or other legal matters, please call Chris’ office at 602.957.9810 and arrange for an initial consultation with one of their real estate attorneys.

Thanks to Christopher Combs and his team for sharing this information. That’s it for this time! Make it another great year!

Your Hard Money Lender in Tucson and Southern Arizona,

Billy A

P.S. I want to be your favorite Hard Money Lender in Tucson and Southern Arizona, so please don’t keep me a secret! If you, your friends or family need help with funding, I’d be happy to give them free information without any obligation. Please give me a call at:

(520) 299-4878!

Comments are closed.

Contact Billy A by:
Phone: 520.299.4878
Fax: 877.487.5668
Bill@anastopoulos.com

Bill Anastopoulos
NMLS 169757

Gold Coast Mortgage Group
2959 N Swan STE 181-D
Tucson, AZ 85712
MB 0018836
NMLS 175655

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

(c) 2012 - Web Design by goseecharles