Tag Archives: Cancelation of Mortgage Debt

What is the Mortgage Debt Relief Act of 2007 | Maine Short Sale Law

  How does the expiration of the Mortgage Debt Relief Act next year affect you? Individuals who lost their homes through property foreclosed will not have to pay earnings tax on the amount of mortgage debts that was pardoned or … Continue reading

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Short Sales, 1099-C and the tax man…

Its tax time again, yippie do, right? Well if you have completed a Short Sale in the past year you will get a very important form from the mortgage company that allowed the sale….THAT YOU CANNOT IGNORE. The 1099-C is … Continue reading

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