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One of the most common concerns that sellers have when we discuss working with them to do a short sale on their home is: Will I be taxed on my the forgiven debt from my Ohio short sale? Call Andy with more questions or to get your home sold on a short sale. . . . → Read More: Will the forgiven money on a short sale be reported to the IRS as income?  2 comments  Uncategorized  Assets, Bankruptcy Code, Cancellation Of Debt, Chapter 11, Chapter 13 Bankruptcy, Chapter 7, Creditors, Debtor, Earned Income, Futile Effort, Insolvency, Irs Publication, Irs Website, Many Things, Married Couple, Million Dollars, Money, Mortgage Debt, Page Six, Personal Loss, Phantom, Possibilities, Property Liens, Real Estate Property, Retirement, Www Irs Gov I have written before about bankruptcy and it’s effects on foreclosure in other blog posts. On cleveland.com I found an interesting article: Bankruptcy fails as foreclosure rescue. Bankruptcy does have it’s uses in helping people dealing with foreclosure but practically speaking it will never be a foreclosure rescue. However it has been an excellent . . . → Read More: Bankruptcy fails as foreclosure rescue – cleveland.com One comment Uncategorized 911, Bankruptcy Court, Bankruptcy Plans, Bankruptcy Record, Blog, Borrowers, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Creditors, Debtor, Deficiency Judgments, Double Whammy, File Bankruptcy, Foreclosure, Good Faith, Helping People, Imho, Mortgage Company, Responsible Action It’s easy to feel powerless when your finances are down and yoru lender is getting ready to yank the carpet right out from underneath your feet. To make matters worse the second you make a late payments you get solicitations from foreclosure consultants and attorneys from around the country offering to stop the foreclosure… . . . → Read More: Take advantage of the free foreclosure assistance at Lakewood Library |
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