Mortgage Blog

Fiscal Cliff Patch-Debt Relief! Congress recognizes we still have legacy issues related to housing.

The “fiscal cliff bill” passed by Congress January 1 included a provision to exclude borrowers from paying taxes on debt forgiven through a short sale, foreclosure, or loan modification. Known as Mortgage Debt Relief Act of 2007, the act was scheduled to expire December 31, 2012, but received an extension for another year. This can be viewed as both a positive and a negative depending on how you would like to spin it. I believe it is a nice hand out from the government that will allow distressed homeowners that are still stuck in various underwater properties a way o...

January 3rd, 2013 | Short Sales, Debt Mitigation, Fiscal Cliff, Fiscal Cliff Patch-Debt Relief! Congress recognizes we still have legacy issues related to housing.

The Fiscal Cliff, Social Security, Medicare and the Plight of the American Senior Citizen.

  We are all worried about the fiscal cliff and the idiots in congress on both sides of the isle that we pay and that continue to fail us on material issues. When I use the word idiots I mean it in the most literal way a human being can use it to describe failure and incompetence. I am so tired of false promises, negativity and more debt from Congress and the President. I know anyone reading this message also shares my concern. This is our country and we are the people. We all have to ask the question where does this go and how do we fix critical programs that must be...

December 1st, 2012 | Reverse Mortgage, Fiscal Cliff, Retirement Planning, Medicare , The Fiscal Cliff, Social Security, Medicare and the Plight of the American Senior Citizen.

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Jefferson Mortgage Group LLC

2536 Leeds Rd.
Oakton, Virginia 22124
703-319-2198
FAX: 703-773-6946
info@jeffersonmortgage.com
NMLS: 935554

Located in Fairfax County, Virginia. Serving all of Virginia, Maryland, DC & Pennsylvania. 

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Jefferson Mortgage Group LLC is licensed in Virginia, Maryland, DC & Pennslvania.
Virginia State Corporation Commission License Number MC-5659 and the Pennsylvania Department of Banking & Securities #46259 
The DC Department of Insurance, Securities, and Banking License #MLB935554
Maryland DLLR License #21586

An Equal Housing Lender

By refinancing the consumer's existing loan, the consumer's total finance charges may be higher over the life of the loan.

This material is not from HUD or FHA and has not been approved by HUD or any government agency.