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Mortgage Modification Resources

HARP Loan Program : Eligibility & Guidelines for 2016

The Home Affordable Refinance Program 

Home Affordable Modification Program


Principal Reduction Alternative (PRA)

FHA Home Affordable Modification Program (FHA-HAMP)

Veteran's Administration Home Affordable Modification (VA-HAMP)

Florida Hardest-Hit

Second Lien Modification Program (2MP)

USDA's Special Loan Servicing

Fannie Mae Loan Lookup 

Freddie Mac Loan Lookup 

HUD Approved Counselors

Catholic Charities USA© 

Citizens' Housing and Planning Association, Inc. 

Consumer Credit Counseling Service of Atlanta™ 


Homeownership Preservation Foundation© 

The Housing Partnership Network© 

Mission of Peace Housing Counseling Agency© 

Mississippi Homebuyer Education Center© 

The Mon Valley Initiative 

Money Management International, Inc.© 

National Council of La Raza 

National Federation of Community Development Credit unions 

National Foundation for Credit Counseling© 

The National Urban League© 

NeighborWorks® America 

Neighborhood Assistance Corporation of America© (NACA) 

Rural Community Assistance Corp. 

Structured Employment Economic Development Co.

Home Foreclosure & Debt Relief of 2007 
   including the Mortgage & Debt Relief Act

Update Dec. 11, 2008 — The Mortgage Forgiveness Debt Relief Act of 2007 generally allows taxpayers to exclude income from the discharge of debt on their principal residence. Debt reduced through mortgage restructuring, as well as mortgage debt forgiven in connection with a foreclosure, qualify for this relief.

This provision applies to debt forgiven in calendar years 2007 through 2012. Up to $2 million of forgiven debt is eligible for this exclusion ($1 million if married filing separately). The exclusion doesn’t apply if the discharge is due to services performed for the lender or any other reason not directly related to a decline in the home’s value or the taxpayer’s financial condition.

The amount excluded reduces the taxpayer’s cost basis in the home. More details. Further information, including detailed examples, can also be found in Publication 4681, Canceled Debts, Foreclosures, Repossessions, and Abandonments.

The questions and answers, below, are based on the law prior to the passage of the Mortgage Forgiveness Debt Relief Act of 2007.

If you are having difficulty resolving a tax problem (such as one involving an IRS bill, letter or notice) through normal IRS channels, theTaxpayer Advocate Service may be able to help. For more information, you can also call the TAS toll-free case intake line at 1-877-777-4778, TTY/TDD 1-800-829-4059. 

In some cases, you may qualify for free or low-cost assistance from a Low Income Taxpayer Clinic (LITC).  LITCs are independent organizations that represent low income taxpayers in tax disputes with the IRS. Find information on an LITCs in your area.


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