By C. Todd Marks | Published August 23, 2013 | Posted in Foreclosure Defense | Tagged Tags: foreclosure defense, income tax, mortgage forgiveness | Leave a comment
The Effects of Foreclosure on Your Taxes
Most of the time an increase in your tax bill reflects an increase in your income. Perhaps you earned a big raise or a bonus or even won the lottery. The tax bite may take some joy out of your celebration but you certainly come out ahead. Foreclosure of your home, on the other hand, Read More
Read MoreWhat is a Deed in Lieu?
Did someone tell you a deed in lieu might be a good option for your situation? And you responded that you would consider it — all the while thinking, “In lieu of what?” The quick answer is: in lieu of foreclosure. And a deed in lieu is, in fact, a quick answer to the problem Read More
Read MoreStopping Foreclosure by Seeking a Short Sale
No one wants to lose a home, so receiving a notice of foreclosure is a frightening event. It is important that you take any foreclosure notices from your lender seriously. You do have options available, such as seeking a short sale, but you must act quickly to put yourself in the best possible situation so Read More
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