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Minority, low-income Floridians hit hard financially by coronavirus, housing data show
Tampa Bay TimesBy Emily L. MahoneyJul. 9Updated Jul. 9 Before the pandemic threw the economy into a tailspin and left millions unemployed and worried about the future of their housing, a slower, quieter crisis was already well underway when it comes to who owns homes in America. The gap between Black and white rates of…
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Homeowner tax cut to expire, forgiven mortgage debt would become taxable income
Source: Palm Beach Post The Mortgage Forgiveness Debt Relief Act of 2007 is scheduled to expire Dec. 31. Who’s affected? If no extension is granted, homeowners will have to pay taxes on any unpaid balance forgiven by a lender after a short sale, modification or foreclosure. Read more…