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Congressional inaction on debt forgiveness bill affects short sales
Congressional inaction on debt forgiveness bill affects short sales

Is partisan warfare on Capitol Hill over taxation of medical devices crushing thousands of homeowners' plans to do short sales this year? Medical devices? What connection could heart pacemakers, dentures and Lasik eye surgery machines possibly have with short sales? More than you'd probably guess. Just talk to Geoffrey Brencher, a high school teacher in Weston, Conn. For the last nine months, Brencher and his wife have been negotiating a short sale on their home, which has an underwater mortgage — the loan balance exceeds the property value. The Brenchers recently received final approval from their bank to proceed with the sale provided that the closing can occur no...

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