Does insolvency or debt forgiveness bill apply to refinanced mortgages?
I am not a CPA, however generally speaking the county recorder will not transfer property with property taxes or other liens. Generally the seller pays from the proceeds. In case of a sheriff sale, terms should be specified in the sale paperwork.
If refinacing no debt is foregiven unless you are talking about the allowance in the bill for banks to write down the debt to 90% and refinance with FHA. I have seen none of these transaction completed because the banks have to make a decesion to write down the debt! This bill was all voluntary!