If you have fallen behind or see yourself falling behind on your mortgage, then your mortgage company is willing to consider completely forgiving a significant portion of your mortgage debt (provided you go through the proper process). The portion they forgive, under law H.R. 3648, is NO longer counted as personal income and CANNOT be taxed by the federal government.
So again if you are behind on your mortgage or see yourself falling behind, there is light at the end of the tunnel... both laws H.R. 3648 and H.R.1.
These laws were passed as a nationwide initiative whose mission is to:
1. Help homeowners receive the mortgage debt forgiveness this law encourages.
2. Rescue as many homeowners from public foreclosure as possible.
You will also be pleased to know that under these new laws:
1. You will receive a FREE consultation and information absolutely FREE.
2. You will be assigned a Loss Mitigation Firm and will be on retainer with a Real Estate attorney to fight for your newly acquired rights and do ALL of the work for you!