If you live in the Dallas-Fort Worth area and are at least 30 days behind on your mortgage, your mortgage company may be willing to forgive a portion of your mortgage debt. The portion they forgive under HR3648 is NO longer counted as personal income and will not be taxed by the federal government.
For more information regarding your options, visit www.savemyhomedfw.com
For more information about HR3648, visit the IRS website at http://www.irs.gov/individuals/article/0,,id=179414,00.html
