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	<title>Stop Foreclosure &#187; Mortgage Forgiveness Act</title>
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		<title>Mortgage Forgiveness Act</title>
		<link>http://www.stopforeclosuredesk.com/foreclosure-laws/mortgage-forgiveness-act/</link>
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		<pubDate>Fri, 11 Dec 2009 12:32:55 +0000</pubDate>
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				<category><![CDATA[Foreclosure Laws]]></category>
		<category><![CDATA[Forgiveness Act]]></category>
		<category><![CDATA[Mortgage Forgiveness]]></category>
		<category><![CDATA[Mortgage Forgiveness Act]]></category>

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		<description><![CDATA[If you borrow money from a financial institution and that financial institution forgives some amount to you, it will be added to your taxable income under the mortgage forgiveness act 2007. For example, you borrow $10,000 and default on the loan after paying back $2,000. If the lender is unable to collect the remaining debt [...]


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