{"id":69103,"date":"2013-01-04T06:00:34","date_gmt":"2013-01-04T06:00:34","guid":{"rendered":"http:\/\/ashleycusack.com\/2013\/01\/04\/the-fiscal-cliff-real-estate\/"},"modified":"2019-04-23T20:49:26","modified_gmt":"2019-04-23T20:49:26","slug":"the-fiscal-cliff-real-estate","status":"publish","type":"post","link":"https:\/\/ewmrealestate.com\/blog\/the-fiscal-cliff-real-estate\/","title":{"rendered":"The Fiscal Cliff &amp; Real Estate"},"content":{"rendered":"<p><a rel=\"attachment wp-att-2585\" href=\"https:\/\/www.ewmrealestate.com\/blog\/?attachment_id=2585\"><img loading=\"lazy\" class=\"aligncenter size-full wp-image-2585\" title=\"Fiscal Cliff\" src=\"http:\/\/ashleycusack.com\/files\/2013\/01\/Fiscal-Cliff.JPG\" alt=\"Fiscal Cliff\" width=\"300\" height=\"400\" \/><\/a><\/p>\n<p>With all the talk of the Fiscal Cliff this past week, I\u2019m happy to report some good real estate news! An article I read\u00a0 online this week discusses two items that were untouched in the negotiations, benefitting homeowners. The first deals with the mortgage interest deduction, which will remain in effect, and the second is the mortgage debt forgiveness act, which has been extended for another year. I <a href=\"http:\/\/ashleycusack.com\/2012\/06\/29\/miami-short-sellers-your-time-is-now\/\" target=\"_blank\" rel=\"noopener noreferrer\">wrote about the second<\/a> in June. This act helps people who are short selling their homes, eliminating a tax on the deficit of what they owe the bank versus what the home sells for. This incentivizes people whose homes are upside down to sell as a short sale, instead of letting their properties be taken by the bank as a foreclosure.<\/p>\n<p>These two items were of great concern to us! Regarding the mortgage interest deduction, if people can\u2019t deduct the mortgage interest on their taxes, then there\u2019s less incentive to buying houses potentially making it more attractive to rent than to buy for people.\u00a0 The mortgage debt forgiveness act extension helps continue the stream of short sales keeping homes on the market and reducing the number of foreclosures down the road.<\/p>\n<p>I am happy to share some positive news in light of what\u2019s going on. To read the full article,<a href=\"http:\/\/www.cnbc.com\/id\/100349018\" target=\"_blank\" rel=\"noopener noreferrer\"> click here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With all the talk of the Fiscal Cliff this past week, I\u2019m happy to report some good real estate news! An article I read\u00a0 online this week discusses two items that were untouched in the negotiations, benefitting homeowners. The first deals with the mortgage interest deduction, which will remain in effect, and the second is<\/p>\n<p class=\"more-link\"><a href=\"https:\/\/ewmrealestate.com\/blog\/the-fiscal-cliff-real-estate\/\" class=\"themebutton2\">Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":130092,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_expiration-date-status":"","_expiration-date":0,"_expiration-date-type":"","_expiration-date-categories":[],"_expiration-date-options":[]},"categories":[11767],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Fiscal Cliff &amp; Real Estate - BHHS EWM Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ewmrealestate.com\/blog\/the-fiscal-cliff-real-estate\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Fiscal Cliff &amp; Real Estate - BHHS EWM Realty\" \/>\n<meta property=\"og:description\" content=\"With all the talk of the Fiscal Cliff this past week, I\u2019m happy to report some good real estate news! An article I read\u00a0 online this week discusses two items that were untouched in the negotiations, benefitting homeowners. The first deals with the mortgage interest deduction, which will remain in effect, and the second isRead More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ewmrealestate.com\/blog\/the-fiscal-cliff-real-estate\/\" \/>\n<meta property=\"og:site_name\" content=\"BHHS EWM Realty\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/EWMRealtyInternational\" \/>\n<meta property=\"article:published_time\" content=\"2013-01-04T06:00:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-04-23T20:49:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ewmrealestate.com\/blog\/wp-content\/uploads\/2019\/06\/BHHS-On-Solid-Background.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"376\" \/>\n\t<meta property=\"og:image:height\" content=\"376\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Admin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ewmrealestate.com\/blog\/the-fiscal-cliff-real-estate\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ewmrealestate.com\/blog\/the-fiscal-cliff-real-estate\/\"},\"author\":{\"name\":\"Admin\",\"@id\":\"https:\/\/ewmrealestate.com\/blog\/#\/schema\/person\/c02e56ee015dc7d104143c38d8028970\"},\"headline\":\"The Fiscal Cliff &amp; 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An article I read\u00a0 online this week discusses two items that were untouched in the negotiations, benefitting homeowners. 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