News & Comments

Real Property Issues

With the real estate recession, I thought it relevant to provide you with a newsletter involving certain changes in statutes and/or law which affect real estate. Hopefully, they are helpful to you. As always, if you have any questions, please feel free to contact my office to set an appointment. Tax Relief on Mortgage Waivers In light of the sub-prime mortgage crisis, Congress has authorized certain specific tax relief on mortgage waivers. A mortgage waiver takes place when a lender forgives some, or all of their outstanding debt owed to them and secured by a mortgage or real estate. Under tax law, ...