If you’re a homeowner, savvy investor, Realtor, accountant, or in any way concerned about the US housing market, chances are you’ve heard of the Mortgage Forgiveness Debt Relief Act of 2007. Passed in (you guessed it) 2007, this Act is centered around one main idea, but broken into two separate scenarios.
The Federal Reserve is going to unprecedented lengths to shore up the housing market, and in their latest announcement it seems that they want to spend more Taxpayer money to do so!
Is the HARP Program going to be the savior that it is meant to be for the housing market or is it just delaying the inevitable?
