Debt Relief True
The mortgage debt forgiveness Relief Act?
I heard that at least one year is two years for the number of property owners In order to qualify for this relief. Is this true?
This seems to be true. The only reference I can find in regard to two years is that the house should be your primary residence – as defined by the IRS, a principal residence is a house that you must have lived in, with a total of two years in the last five years. It is difficult to interpret, but it says you have to have lived in the house for two years to make the house qualifies as your principal residence. In turn, a home should be your "principal residence" to qualify for mortgage debt forgiveness Relief Act.
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