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Congress Passes Mortgage Debt Relief Bill


hausdok
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WASHINGTON, Dec. 18

The National Association of Home Builders (NAHB) today applauded Congress for passing legislation to eliminate taxes on mortgage debt, noting that it will help struggling home owners to avoid foreclosure.

“This bill helps to address the subprime lending crisis by preventing strapped home owners from taking a significant tax hit to restructure their mortgages and allowing them to stay in their homes,â€

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