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Underwater Homeowners Breathe a Sigh of Relief as Congress Extends Mortgage Forgiveness Debt Relief Act

La Mirada, California– January 10 – On January 1, 2013, Congress passed an extension of the Mortgage Forgiveness Debt Relief Act as part of tax bill H.R. 8, the bill addressing the “fiscal cliff.” Originally passed in 2007, this act exempts struggling homeowners from pay-ing taxes on debt forgiven in a short sale, foreclosure, or loan modification.

The bill extends the act through December 31, 2013, allowing underwater homeowners to once again pursue alternatives to foreclosure, such as short sales or loan modifica-tions, without the fear of owing thousands and taxes.

“For distressed homeowners, the extension of the Mortgage Debt Relief Act is amazing news. Before this act, homeowners would negotiate a loan modification or avoid foreclo-sure through a short sale only to find they owed an equally unmanageable tax debt after-wards,” says Kevin Raisch, CDPE, Coldwell Banker Olympic.

As a Certified Distressed Property Expert (CDPE), Kevin Raisch is specially trained to help homeowners who find themselves facing foreclosure. “I’m committed to helping home-owners who are struggling,” Kevin Raisch said. “Too often, homeowners facing foreclo-sure believe there is nothing they can do, but there is.”

“In fact, the options available to homeowners are better than ever. Lenders realize how much foreclosures cost, and increasingly favor short sales and other alternatives over letting a home go to foreclosure. Lenders are more willing than ever to work with home-owners,” said Kevin Raisch.

Kevin Raisch has developed a free report with more infor-mation on the Mortgage Forgiveness Debt Relief Act and the options available to homeowners facing foreclosure. This report, entitled, “Attention: Distressed Homeowners! Congress Renews Critical Homeowner Relief Program,” is accessible from his website, http://www.cdpe.com/profile/view/2143, click on “Useful Links”

For more information, please contact:

KEVIN RAISCH 562-572-5555

Kevin@247agent.net

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Underwater Homeowners Breathe a Sigh of Relief as Congress Extends Mortgage Forgiveness Debt Relief Act

Los Cerritos Community Newspaper once again was the focal point of media outlets throughout Southern California this past week after they released an on-line expose article that featured the public calendar of controversial Los Angeles City Controller Wendy Greuel who is hoping to become the next Mayor of the second larg-est city in America.

Publisher Brian Hews and Investiga-tive Reporter Randy Economy released Greuel’s official city calendar late Monday afternoon on its website www.loscerritos-news.net and within hours their coverage became the top reported news program for a 48 hour period on this week.

Reporting from the LCCN news room (located on Artesia Boulevard and Shoe-maker Avenue) was Fox News Anchor Su-san Hirosuna, NBC Southern California Reporter Patrick Healy, as well as CBS2/KCAL9 Investigative Reporter Dave Lo-pez.

Hews and Economy where also fea-tured on several radio talk shows in South-ern California this week including a live in studio interview with hard hitting journal-ist David Cruz, with the popular “David Cruz Show” on KTLK AM 1150.

Economy was also a guest on 790 KABC Talk Radio’s Peter Tilden Show on Monday night.

LCCN’s coverage into Controller Greuel’s highly controversial calendar was also featured in the Los Angeles Times, The Daily News, Pasadena Star News, San Gabriel Valley Tribune, The LA Weekly, The Huffington Post, KFI’s Bill Carroll Show, CityWatch, and dozens of other me-dia outlets.

Los Cerritos Community Newspaper is being considered for the 2013 Pulitzer Prize for its groundbreaking investigative work that lead to the arrest of Los Angeles County Assessor John R. Noguez, Prop-erty Tax Agent Ramin Salari, as well as two others who are accused of hundreds of collective counts of money laundering, ac-cepting of bribes, and criminal forgery.

Controller Greuel’s Calendar Expose Puts LCCN Into Media Spotlight

[l-r] LCCN Investigative Reporter Randy Economy, NBC's Patrick Healy, and LCCN Publisher Brian Hews.

[l-r] Hews and Economy with CBS' Dave Lopez.

Fox News Anchor Susan Hirosuna and Randy Economy in the LCCN newsroom. A video of the Fox report can be found at www.loscerritosnews.net.