Happy New Year (and, by the way, the Senate voted to extend the Mortgage Debt Relief Act)


Happy New Year to our three readers! 

The bad news is that my oldest daughter had to ring in the new year in the Senate Press Gallery awaiting a vote on the fiscal cliff mess. The good news is that H.R. 8, which was passed by the Senate in the wee hours of 2003, includes the following:

Sec.202.Extension of exclusion from gross income of discharge of qualified principal residence indebtedness

If you are in the throes of a short sale on your principal residenence, this comes as welcome news. Now, let's hope the House likes the idea. 

H/T to broker J. Philip Faranda for the link.

Now, go out there and kick some 2013 hiney!


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