Category Archives: Mortgage and home loans

Mortgage Debt Forgiveness Tax Relief by U.S. Law Set to Expire at End of This Year 2012

Posted on January 5, 2012 by Harrison K. Long

U.S. law - Mortgage Forgiveness Debt Relief Act of 2007 - applies to debt forgiven in calendar years 2007 through 2012 – including possible debt forgiven through SHORT SALE process. For purposes of income tax, this law allows for exclusion of income realized as … Continue reading →

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FHA Loans Becoming Popular at Orange County CA

Posted on June 12, 2011 by Harrison K. Long

I like the Paul Scheper article “FHA Loans becoming popular in Orange County” in this month’s Orange County REALTOR® magazine, which was published by the Orange County Association of REALTORs®.    Paul says in his article that FHA loans have emerged as loan of choice … Continue reading →

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