avoid foreclosure – Are taxes owed on a "quick sale" to avoid foreclosure?
November 11th, 2009 | by admin |Are taxes owed on a “quick sale” to avoid foreclosure?
We avoided foreclosure on our house a few months ago by doing a “quick sale” I believe…is this the same as a “short sale”? And I am wondering now that tax season is here…am I going to be responsible for the taxes on the sale of the house? I didn't make a cent off of the sale but I'm just not sure how this all works. I know that the house was sold for less than what was owed on the mortgage but I do not owe the difference because the lender accepted the terms and I have a statement from the mortgage company confirming all of this however the letter does not mention taxes. Anyone know about this stuff??
Are you facing a foreclosure or far enough behind on your payments that you know you are not far from foreclosure? Do you want a fresh start with a new payment that fits your current budget and will allow you to get back on your feet? You can use the new lender loan modification programs that are out there to get your fresh start. Here are some things to know.
You should know that most everybody that is behind on their mortgage payments can qualify for these programs. It is very easy to do and as long as you are struggling with your bills and your home mortgage payment is higher than you can handle, then you will qualify. This can save your home from foreclosure and get you a fresh start on your mortgage with a lower payment.
Something else to consider when entering into the lender loan modification programs is what you want out of it. If you are just looking for a quick way to save your home, then it is only temporary and you will end up right back in the same position. You will not be able to use the lender loan modification program twice so make sure if you use it you will be able to pay your mortgage.
Just think of how you would feel if you had to face your family and let them know that they are going to be moving because you cannot afford your mortgage. What if you had to live in a cramped apartment or with family for months or even years? That is probably not what you would want to do so you should get out of your situation and make sure you save your home.
Click Here to discover exactly how to Save your Home from Foreclosure by Modifying your Mortgage!
Hey Readers! I’ve been comin across some crazy stuff the past few days from a few different blogs around the web which I just had to share with you. Check em out below…
Media Channel 2.0 — Blog — foreclosure defense
If you are subject to a foreclosure action, careful attention to detail may buy you enough time to work out a solution or may help you avoid foreclosure altogether. Sources: http://www.consumerwarningnetwork.com/; …
Tips for Homeowners to Obtain a Loan Workout from their Lender
Basically, they are changing certain terms in order to make them more affordable for the homeowners, while still creating a profit incentive for the lender and investors, all while avoiding foreclosure. Now, not every lender is willing …
Learn How To Avoid Foreclosure Scams | Mortgage-Blog
Are you facing foreclosure? If you are, you may try anything to save your home. Of.
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