You mention an interesting point there. While I’m sure they aren’t just going to force the banks to re-finance buyers at more affordable terms, it’s very likely they will get rid of the debt forgiveness tax. So, what are the odds this will be retroactive to a certain point? Or do you think they will sign it into law effective Jan 1, and anyone who threw the keys back before then are just going to be SOL?
We’ll see how it goes, my neighbor just reduced her place to 339k and I owe 345k on mine, so it’s not looking to good.
