Okay, so misinformation and confusion about the tax implications of foreclosure arising from the cancellation of debt seems to be piling up. In particular, folks seem most confused by the ...
Regardless of the circumstances of your foreclosure, you could receive a 1099 from the IRS.Here are 10 facts the IRS wants you to know about Mortgage Debt Forgiveness.Normally, debt forgiveness ...
On October 17, 2005 President Bush's sweeping bankruptcy reform law goes into effect forever changing the rules of debt collection in this natiion. Consumer advocates and the public appear to ...
Last year was a record year for bankruptcies. Delinquent payments on mortgages, according to the Mortgage Bankers Association of America, reveal a coming wave of foreclosures on the horizon.There's opportunity ...
A lien is a notice attached to your property which puts everyone on constructive notice that a creditor has a claim. A lien is typically a filed and recorded in ...
There seems to be some confusion about the income tax implications of foreclosure. Because a gain on the sale of a property can trigger income tax liabilities, unless the gains ...
There are a number of programs to assist homeowners who are at risk of foreclosure that the Obama Administration has implemented. Many of these programs are administered through the United ...
When an owner fails to make payments on a mortgage it will result in the foreclosure of the mortgage. The mortgage company can then declare that the full amount is ...
Get as much knowledge as you can as quick as you can if you are about to be involved in a home foreclosure process. If you are facing foreclosure, you ...
What makes real estate foreclosure market so hot? You can buy foreclosure homes at staggeringly low prices and expect to earn huge revenues in less time and effort. Foreclosure homes ...
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