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Mortgage Debt Forgiveness & Tax Consequences
March 26, 2013
If your lender cancelled or forgave your mortgage debt in 2012, the debt forgiveness generally results in taxable income. Yet there is some tax relief for those who qualify.
Tag: foreclosure
New Guidance for Financially Distressed Homeowners
February 7, 2013
The new guidance offers updated information to distressed borrowers, mortgage loan holders and loan servicers as the program hopes to help homeowners stay in their homes by avoiding foreclosure.
