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Sunday, January 6, 2013
SHORT SALE
Florida homeowners have one more year to complete a short sale and
benefit from a federal tax break that was set to expire Tuesday.Tucked
into the 157-page legislation that saved the nation from the worst of
the fiscal cliff is an extension of the Mortgage Debt Relief Act, which
allows borrowers to exclude loan debt forgiven in a short sale,
foreclosure or loan modification from counting as income on their
taxes.The act has saved struggling Floridians untold millions since it
began in 2007. Tuesday's approval