How the Fiscal Cliff affects Homeowners

  I was doing a little research on how the fiscal cliff affects us and I cam across this article on how it affects homeowners:

http://money.cnn.com/2012/12/24/real_estate/mortgage-debt-forgiveness/index.html


This is the comment that worries me and others:

"So far, though, very little has been done to extend the act as Republicans and Democrats continue to butt heads over the fiscal cliff."

What is your take on it???

Til next time,

JC