All good things must come to an end, right? 2012 is the year of countless predictions of our world as we know it coming to an end. But here's one fact of a good thing coming to an end - The End of The Mortgage Debt Relief Act (MDRA) which forgives your loss in a short sale or foreclosure from being taxable income. Without it, you could owe tens of thousands of dollars. In fact, the Sacramento Bee just came out with an article that confirms what I have been saying since last year, time to fish or cut bait.
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