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House Passes Mortgage Debt Forgiveness Tax Relief |
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On December 3rd, the U.S. House of Representatives voted to extend the income tax exemption on mortgage debt forgiveness in a short sale or a workout for principal residences. The U.S. Senate has not yet voted on this measure. The Lame Duck session of Congress is currently slated to end on Friday, December 12th. This income tax exemption expired at the end of 2013. Without immediate action by Congress, distressed homeowners will have to pay tax on "phantom income" from forgiven debt. Please urge your Senators to pass the Mortgage Forgiveness tax relief bill now. |
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Roanoke Ranked a Top Digital City |
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For the 14th consecutive year, Roanoke has been honored for technology in government. The Center for Digital Government has named the top-ranked cities in its 2014 digital Cities Survey, and Roanoke landed in the 3rd position in cities with a population between 75,000 and 124,999. Roanoke jumped significantly in this year's rankings; the City placed 9th in last year's survey. Roanoke was cited for the following innovative digital initiatives: the use of predictive crime analysis, library self-checkout stations, an iPad-based mobile real estate inspection program and a pavement management system. |
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Make a Difference in 2015! |
Join an RVAR Committee! Volunteering benefits not only RVAR, but also your business. You will be better informed on industry trends, expand your network and have a hand in shaping the Association's direction.
Join a Committee and let RVAR help improve your business! Both REALTORS® and Affiliate members are welcome to serve. Click here to sign up for a Committee, plus review a description of each Committee's purpose and how often it meets. |
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