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Mortgage Forgiveness Debt Relief Act Expired at the End of 2013.
Posted by AcclaimLegalService
If you owe a debt to someone and that party forgives or cancels the debt, that canceled amount of debt may be taxable. As a part of the Mortgage Debt Relief Act of 2007, homeowners were able to exclude from income debt that was reduced on their principal residence. This included:
- Short sales;
- Mortgage restructuring, such as a loan modification;
- Foreclosure,…
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I have worked primarily with Cindy. She has been terrific. She answered any concern I had promptly and courteously. It made a difficult situation easier to deal with.
I often email you guys with a load of questions or asking for things… but I wanted to take this time to say thank you for all you do. You guys work hard and have been extremely dedicated to helping me with the various things that have come up – even with those…
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In looking back, the best decision I made was to go with Acclaim – a bankruptcy only law firm. I was extremely stressed because of the financial situation I was in when I saw an advertisement for Acclaim. After my first visit I could finally feel hope.
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