Twists in the Mortgage Forgiveness Act

Recommended: This piece by Michael Shedlock from the Seeking Alpha blog on unforeseen complications in the Mortgage Forgiveness Act, which is supposed to help people avoid foreclosure. The big kink Shedlock discusses is that if you rent out your house in an attempt to stave off foreclosure you may spoil your chances of getting tax relief from the IRS.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.