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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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Greetings Julie! This is to let you know about our experience with Acclaim Legal Services regarding our Chapter 13 Bankruptcy case. Chris made the journey easy because of his prompt replies to our emails and phone calls. He always kept us abreast of what was…
It has been a pleasure working with Cindy Millns and Atty Chris Jones. They answered my email with concerns right away. They guided me through. And Cindy, she is very friendly and always ready to answer my questions. Overall, I will give them 5 shinning stars.
I have to take the time to say ,Thank You, to everyone involved in my case. Firstly to Francesca, whom I met day one. She is very good at what she does. Very courteous, kind and understanding. I had no idea what I was in for, she made sure I understood everything!…
Almost a year ago to the day, I walked into your office overwhelmed and defeated and hopeless because of where I was at financially as a result of a difficult divorce. This last year has been a long and hard journey.
My Chapter 13 attorney was awesome in court and brought conclusion necessary…