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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 would like to take a few minutes to say thanks to your entire staff. In the past 51/2 years I have come into contact with a lot of them! Chris and Cindy have been very patient with my questions, e-mails and phone calls.
Acclaim Legal Services has given…
I have had a bankruptcy case and effect since around May 2018.
Cindy and Brian have been the individuals primarily concerned with my case.
I was with many other people in life this bankruptcy was a very traumatic experience for me.
My immediate family my mom my sister my stepdad…
I am a hard working and proud individual. So when I came to the realization that I might actually have to file bankruptcy, it really ran against everything my parents ever tried to instill in me. I have to say that I was embarrassed and a bit ashamed. However being a realist, I contacted your firm…
Thank you Acclaim Legal Services!
I have been a client if Acclaim Legal Services since 2004. The legal services that they have provided for me during the time that I was experiencing some financial challenges, saved my home, car, credit, and dignity. I did not know what I was going to do,…