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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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Cindy from your office gave me your information for feedback about our case.
Today she sent us a copy of the courts discharge, so our immediate feeling is over joyed to be done with the process. At the beginning we had no idea what to expect, but everyone in your office took their time to…
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…
First of all, we would like to thank you for all you guys have done. I appreciate the honesty, dedication and passion that you guys exhibited towards our case and answering my questions in a fast and complete manner. Given the situation, I know now I made the…
I have had a bankruptcy case and effect since around May 2018.
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My immediate family my mom my sister my stepdad…