Mortgage Forgiveness Debt Relief Act of 2007

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On December 20, 2007, the Mortgage Forgiveness Debt Relief Act of 2007 (the “Act”) was signed into law. The Act was passed in part in response to the disruption in the housing market caused by the subprime lending problems and the foreclosures that are likely to occur as a result of such problems. Learn more in Mortgage Forgiveness Debt Relief Act of 2007.

 

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