Mortgage Debt Relief Act Extended

The Mortgage Debt Relief Act has been extended for one year, until December 31, 2013. The law gives homeowners an exemption on federal taxes when they obtain debt forgiveness on their primary home.  For example, a homeowner who owes $250,000 on the mortgage and short sells for $200,000 would have been taxed on the $50,000 difference as income. By extending the Mortgage Debt Relief Act, homeowners will not have to pay income tax on mortgage debt forgiven up to two million dollars. Check with your tax professional as not all mortgage debt is subject to the Mortgage Forgiveness Debt Relief Act.

 

Showtime’s ‘Homeland’ Filmed in Charlotte

Showtime’s highly acclaimed series Homeland is shot in Charlotte, NC. The psychological thriller stars Emmy Award-winning actress Clair Danes as a CIA officer.

“Charlotte is a beautiful city to work in, with good restaurants,” says producer Michael Klick, who shot scenes in Freedom Park and at a home in the Mountainbrook neighborhood. “The people of Charlotte are incredibly nice and very friendly.” Source: Charlotte Magazine

Production for season three begins this spring.

Christmas Events in the Charlotte Area

There are so many Christmas events in and around Charlotte including Speedway Christmas, Christmas at the Library, and First Night Charlotte.

My family and I took a trip to McAdenville – Christmas Town USA earlier this month and tonight we visited The Billy Graham Library for Christmas at the Library. Both were big hits, especially with my 2 year old son.

Merry Christmas from The Marshall Team!

McAdenville, NC – Christmas Town USA

Christmas at the Library