Real Estate Implications of Federal Budget

Congress has passed and the President has signed into law, to fund the Federal Government for Fiscal Year 2016. The new legislation, known as the omnibus appropriations bill, will put an end to the series of stop-gap funding measures known as “Continuing Resolutions” that have funded the government since October 1, 2015. This new billContinue reading “Real Estate Implications of Federal Budget”

Mortgage Cancellation Debt Relief Update

Congress failed to act before December 31st to extend the Mortgage Debt Forgiveness Act. NAR says now that it appears that Congress will most likely address individual tax provisions retroactively in 2014.  While there are still many procedural obstacles to overcome, NAR is confident Congress will move on an extension of Mortgage Cancellation relief.  AsContinue reading “Mortgage Cancellation Debt Relief Update”