In 2007, the Mortgage Debt Relief Act was
passed in an attempt to help the millions of homeowners who, due to the housing
crisis and economic crash, suddenly found themselves in danger of losing their
home to foreclosure.
The act has helped many distressed homeowners
find solutions to avoid foreclosure and opened up options to them that were
previously unavailable.
The Mortgage Debt Relief Act, however, was only
intended to be a temporary solution and is now set to expire at the end of
2012. There is a bill in Congress that would extend it, but it is unclear if it
will pass. For distressed homeowners, this means that time is limited to take
advantage of this program.
Time is running out. But there is still a
chance to change your financial direction and avoid foreclosure.
Call Makea Turner with Atlantic and Pacific Real Estate (702) 542-1883
