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 1099Read More
Real Estate
Mortgage Relief Scams
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 anyRead More
