Real Estate Articles
Most Recent Articles
By: Robert Harris - Portland Business & Real Estate Attorney October 6, 2011
People considering a short sale or a deed in lieu of foreclosure or a strategic default need to consider how the IRS will treat the debt that is forgiven. Because the IRS typically treats debt that is forgiven as "income" A short sale particularly can result in the mortgage company sending the homeowner a 1099 form stating that the homeowner received "income". However, due to mortgage crisis, the federal government has passed legislative relief for most homeowners.
There is a great blog article from Hertsel Shadian, Attorney at Law, LLC, we found that succinctly sets out the tax issues encountered by all the homeowners that are considering a short sale, deed in lieu or strategic defaulting on their home. Read Full Article.
By: Robert Harris - Portland Business & Real Estate Attorney- September 26, 2011
For people who are upside down in their homes, and are desperately looking for a way out, rest assured that scammers are more than willing to take your money. A Huffington Post article about mortgage relief scams explains one type of common scam.
Before you ever, ever, ever agree to hand your money over to any mortgage relief, or debt workout, or distressed loan "specialist" (who may actually be nothing more than a boiler room operator somewhere in Florida), talk to a local reputable attorney about your legal options. For a relatively small fee, an experienced attorney can assess your situation and spell out your options. Read Full Article.
Contact Us Today For Help - Free Phone Interview
Contact our lawyers today so we can begin working towards a favorable solution to your legal concerns. Call us, or email us today. We also offer a free 15 minute telephone interview if you are not yet ready to hire an attorney. See details below
Free 15 Minute Phone Interview
Harris Law Firm offers a free 15 minute interview to see if one of our attorneys can meet your legal needs. This interview includes you providing a brief outline of your legal matter, and a discussion of our legal philosophy and how we would approach your case. It also includes a summary of our fees. It does not include an in depth consultation or giving of legal advice regarding your particular case. For that, you must schedule a legal consultation, for which there is a charge. A legal interview DOES NOT create an attorney client relationship. It is for background information only so that you can determine if you would like to retain our services.