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Press-Enterprise: Are mortgage tax deducations in play?

By Jack Katzanek. Many believe that eliminating a tax break for homeowners that allows them to deduct mortgage interest would greatly increase the number of foreclosures.

October 31, 2012

In an interview, Green said that Inland residents should probably not worry, at least for now. His guess is that Congress would look at mortgages worth $1 million first and possibly drop that level down over a period of years.

That means it would affect homeowners in coastal Los Angeles and San Francisco but very few in the Inland Empire, and it's possible the Inland area might not feel this, if it happens, for a long time...

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Link: Press-Enterprise | Economy