Sellers are asking: Will their be another .....Extension of Mortgage Debt Relief and Debt Cancellation ACT? Does anyone know?

Asked by Donna Evaristo, Union, NJ Sat Oct 19, 2013

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Marsha Bowen…, Agent, Livingston, NJ
Sat Oct 19, 2013
Based on articles and blogs I've read from pundits, and real estate advocates, it appears that this Act might have run it's course and it will take Realtors and other advocacy groups to get an extension again. Perhaps they can address this issue by state since NJ still has a high percentage rate of active foreclosures. The last thing a homeowner needs is a tax bill after their home has been foreclosed on.
1 vote
We need to all figure this out soon!! We need to make sure we get another extension!!
Flag Sat Oct 26, 2013
Roshan Quigl…, Agent, Manalapan, NJ
Sat Oct 19, 2013
Asking the same question myself Donna - trying to get a property closed before the end of the year - I don't believe we will hear until its too late!
1 vote
Tim Moore, Agent, Kitty Hawk, NC
Sat Oct 19, 2013
I would tell them to not count on it anytime soon.
1 vote
Phil Rotondo, Agent, Melbourne, FL
Sat Oct 19, 2013
Predictions are very difficult, especially about the future.
1 vote
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