Foreclosure in 36527 : Questions & Answers

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Keith Manson-…, Real Estate Pro in Milwaukee, WI
Keith Manson- Metro Milwaukee Wisconsin answered:
I am a REALTOR and have sold several short sales in 2009. My clients are now receiving notice from IRS that taxes are due on the amount that the
There are separate issues. First Private mortgage insurance may of been paid which is a loss that the mortgage insurer will take. However, the loss could be greater than the percentage ... more
0 votes Share Flag Wed Feb 17, 2010 Foreclosure in 36527
James Gordon…, Real Estate Pro in Cincinnati, OH
James Gordon ABR PBD SFR SRS answered:
Just what is the Emergency Economic Stablization Act of 2008 that President Obama signed?? Doesn't it prevent IRS from trying to tax the
Sylvia President Bush signed a law into effect that helps home owners that went into a short sale. They just need to file the proper papers with the IRS. This does not apply to second h ... more
0 votes Share Flag Wed Feb 17, 2010 Foreclosure in 36527
Hannah Flieg…, Real Estate Pro in Larkspur, CA
Hannah Fliegel answered:
Can mortage co demand payment for short sale? Fannie Mae sent papers saying debt was cancelled?
Hi Mike,

If costs are a factor for you then you can speak with a Hud Counselor who will assist you for free in your area. Here is a link. I wrote an e-book if you are interested in ... more
1 vote Share Flag Sat Feb 13, 2010 Foreclosure in 36527
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