Real Estate in Tucson is much better than most other cities in the U.S - President Bush signed the Bill

Now into effect HR 3648, The Mortgage Forgiveness Act of 2007

HR 3648, The Mortgage Forgiveness Act of 2007

Sellers will be able to take advantage of the tax bill that has just been passed by President Bush, extending the mortgage insurance premium deduction until December 31, 1020! This will further and increase the capital gains exclusion to $500,000.00 for an unmarried individual who sells their primary residence within 2 years of the time their spouse had died. For further information please double click on the document to be linked to the government website.
This is huge, lets hope it spurs the market onward!!

Click here to read more.


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