Realtor Action Fund

NAR Call for Action: Urge Congress to Extend Mortgage Debt Forgiveness Tax Relief

December 4, 2014

The income tax exemption on mortgage debt forgiven in a short sale or a workout for principal residences has been extended by the House of Representatives. The retroactive extension was passed by a vote of 378 yes to 46 no. The United States Senate has not yet voted on the measure. NAR will continue to ask members to send messages to United States Senators until the bill is passed. Please urge your Senators to pass the Mortgage Forgiveness tax relief bill now.

 

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It is critical for REALTORS® to speak with one voice about the stability that the real estate market brings to our communities. From city hall to the state house to the U.S. Capitol, elected officials make decisions that have an impact on the bottom line of REALTORS® and their customers. The REALTOR® Action Center is where you learn how Voting, Acting and Investing in RPAC builds our political strength at every level of government.

 

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