NAR PULSE: Realtors Applaud House Passage of Mortgage Cancellation Tax Relief

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NAR PULSE: Realtors Applaud House Passage of Mortgage Cancellation Tax Relief

RISMEDIA, Oct. 26, 2007-The National Association of Realtors® praised the U.S. House of Representatives for the October 4th passage of the Mortgage Cancellation Tax Relief Act, H.R. 3648, by a vote of 386 to 27. Since the early 1990s, NAR has advocated for repeal of the current law, which forces individuals to pay an income tax when they have had a loan forgiven or have had to foreclose because of their inability to pay their mortgage.

For more information, visit http://www.REALTOR.org/press_room/news_releases/2007/passage_mortgage_cancellation_tax_relief.html

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