Forget threats to the mortgage interest deduction, the real tax hike worry is for those who get...

|By:, SA News Editor

Forget threats to the mortgage interest deduction, the real tax hike worry is for those who get relief on their home loans - whether principal reductions or short sales. In 2007, Congress suspended a rule taxing such benefits, but must act to extend it for next year. Without it, the excellent results following the national "fraudclosure" settlement could be at risk.