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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 tell you how pleased I am. The service and manner your office provided was super. After I was started with the Chapter 13 process, I have since told 14+ people about your services. I would also like to mention that in 2010, I ran into Bill Johnson…
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After five years we finished our chapter 13 plan on June 2. We finally got the discharge and can continue on our new life.
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