On Jan. 1, Congress passed a Bill with the purpose of helping the U.S. economy avoid what has been termed the “Fiscal Cliff.” 

Over the past several months, I as a Columbia real estate professionals (and Certified Distress Property Expert in particular) have been particularly interested in the fate of the Mortgage Forgiveness Debt Relief Act of 2007, which has saved distressed Columbia homeowners millions of dollars in tax liability since its passage.

The Act, which expired Dec. 31, has been retroactively extended through 2013.

I take very seriously the obligation I have to you, Columbia Homeowners, to keep you up-to-date with the most important news and changes that affect the distressed property market.