Calls for Action
**NAR has released a Call for Action on the Mortgage Debt Forgiveness Tax Relief.**
“The income tax exemption on mortgage debt forgiven in a short sale or a workout for principal residences expired at the end of 2013. Without immediate action by Congress, distressed homeowners will have to pay tax on “phantom income” from forgiven debt. Many families have decided not to go through with short sales or seek workouts because of the uncertainty over the status of the waiver. This is not only unfair but harms families, neighborhoods and communities. Please urge your representative and senators in Congress to extend this tax relief now.”
WE URGE YOU TO TAKE PART IN THIS;
- Urge the House and the Senate Extend Mortgage Debt Forgiveness Tax Relief
- CALL FOR ACTION: Urge Congress to Extend TRIA – Terrorism Risk Insurance Act of 2002
- Call for Action: Urge Passage of the Homeowner Flood Insurance Affordability Act
- Call For Action: Flood Insurance Issues Could Sink Your Sales
About Calls for Action
When Congress is considering legislation that affects the real estate industry, NAR calls on its members to act. Simply by contacting your Member of Congress through an e-mail or a phone call, you can ensure that your business remains strong. NAR members join together and speak with one loud, powerful voice.
NAR’s Member Policy area has enhanced the Ethics Complaints, Arbitration Requests and Related Information page on REALTOR.org to provide easy access to that information. Associations can add the link shown below. If associations have their own forms, rules, or procedures those should also be posted.