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Short Sales can be good if you understand that you may have a tax liability after. If you short sale your property and the bank settles for lets say 100k and you owe 180k, they will 1099 you for the d ...     Read More »

First things first . . . the recent credit bust and changes in the housing market has caused many financial institutes and mortgage lenders to be merged or bought out. Since lenders have different int ...     Read More »

  Sample Chapter 11 Case for Homestead Property Client has one house that is his homestead valued at $200,000.00. He is in his 5th year of a 30 year mortgage, 25 years remain or 300 months. The ...     Read More »

http://bucks.blogs.nytimes.com/2012/03/28/borrowers-beware-of-mortgage-relief-fraud/ This article in the New York Times is a proble that will problably be arround as long as mortgages and foreclosu ...     Read More »

Are homeowners association dues or condo dues dischargeable in bankruptcy? Yes but there are nuances to this answer. If you file chapter 7 bankruptcy to surrender a property you are discharged from yo ...     Read More »

You may have to pay income taxes after Foreclosure takes place if you don't file Chapter 7 or Chapter 13 Bankruptcy before the foreclosure sale. Once a house is foreclosed the lender will likely cla ...     Read More »