Call for Action: Keep the Housing Recovery on Track

Despite some positive signs of recovery, our nations’ real estate market is still fragile.  Over a quarter of all transactions still involve a distressed property.  That’s why you must take action now and tell Congress to extend Mortgage Forgiveness Tax Relief.

Without an extension, families engaged in a loan modification, short sale, or foreclosure would face a big tax bill.  Neither consumers or the housing market need that added burden.   Homeowners shouldn’t be forced to pay a tax on money they’ve already lost with cash they never received.  Please tell Congress to extend Mortgage Forgiveness Tax Relief.  I urge you to ask your party leaders to work together to move a tax extenders package to the floor before the end of the year.  Sincerely, Patty McMillen