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Hello. I'm stopping payments on my house (in Michigan) this month but I'm concerned I waited too long and I'll have to pay taxes on the forgiven debt with the mortgage debt relief act ending this year. I'm assuming the house is officially foreclosed when...
Started by Mike_MI on
, 3 posts
by 3 people.
Answer Snippets (Read the full thread at loansafe):
Since you're concerned about possible tax liability for CODI, I recommend you consult with your tax person; he/she should know what options are available... .
There isn't a way to prod the lender to FC faster .
Mike_MI
Thanks for your post and welcome to Loansafe.
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Hello. I'm stopping payments on my house (in Michigan) this month but I'm concerned I waited too long and I'll have to pay taxes on the forgiven debt with the mortgage debt relief act ending this year. I'm assuming the house is officially foreclosed when...
Started by Mike_MI on
, 2 posts
by 2 people.
Answer Snippets (Read the full thread at loansafe):
Since you're concerned about possible tax liability for CODI, I recommend you consult with your tax person; he/she should know what options are available... .
There isn't a way to prod the lender to FC faster .
Mike_MI
Thanks for your post and welcome to Loansafe.
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Forgiven Mortgage Debt May Lead to Huge Tax Bills
Congress passed the Mortgage Forgiveness Debt Relief Act during the national housing crisis. This little-publicized law protected those who lost their principal residences to a foreclosure or short sale...
Started by RSS FEED-from consistent brands on
, 1 posts
by 1 people.
Answer Snippets (Read the full thread at yourbrandplan):
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Ask your Facebook Friends
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I think its unrealistic for greece to bear more than 120% debt to gdp by the end of this year.
however, greece has to work harder on cutting spending...it cannot run these huge budget deficits...it gotta regain its financial independence
european union...
Started by orangutang on
, 2 posts
by 2 people.
Answer Snippets (Read the full thread at topix):
They don't listen to reason only history which they can not live up to with their current mind set... .
The only thing they understand is hate, negativity, and selfishness .
I've tried to help them with play to win solutions but they don't want to be helped .
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Why or why not?
Saw a thread in the general misc and was curious if one was currently going here.
Started by NWDub on
, 20 posts
by 12 people.
Answer Snippets (Read the full thread at bodybuilding):
Bill Gates lived in a car and wracked up tons of debt,he wasn't a whiny be forgiven based on ridiculous fee increases but overall I do not think they should be wiped clean%
just refinanced at 3.63ish% uh, f*cking....
Of those who came before.
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How do you get a personal loan forgiven?a? If that person decides to transfer to estate or trust . would we still be responsible? What if we filed bankruptcy would that forgive the debt from estate and personal person.
Started by Glenda on
, 2 posts
by 2 people.
Answer Snippets (Read the full thread at yahoo):
I think you have to continue giving payments on house .
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We will never be forgiven if we are the 1st to leave the EU. Should we go anyway? We are told that it is a condition of our membership that we allow the EU Court of Human Rights to overrule our UK courts... If we say No we will decide who stays and who...
Started by Scouse on
, 9 posts
by 9 people.
Answer Snippets (Read the full thread at yahoo):
Of Spain, with low debt, the idiotic Merkel doesn't understand that cuts are entirely irrelevant.
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Http://truedemocracyparty.net/2012/0...d-only-remedy/
Quote: : The government of Iceland has forgiven the mortgage debt for much of its population. This nation chose a very different way of stopping the crisis from the rest of European countries. It decided...
Started by RedRedemption on
, 20 posts
by 7 people.
Answer Snippets (Read the full thread at clutchfans):
And considering how toxic some that people who built a house on debt....
Pretty uncooperative after the bailout when it comes to reducing household debt, the IMF has suggested debt forgiveness programs to lower household debt.
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Http://truedemocracyparty.net/2012/0...d-only-remedy/
Quote: : The government of Iceland has forgiven the mortgage debt for much of its population. This nation chose a very different way of stopping the crisis from the rest of European countries. It decided...
Started by RedRedemption on
, 20 posts
by 7 people.
Answer Snippets (Read the full thread at clutchfans):
And considering how toxic some that people who built a house on debt....
Pretty uncooperative after the bailout when it comes to reducing household debt, the IMF has suggested debt forgiveness programs to lower household debt.
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Comment: Has Iceland forgiven virtually all mortgage debt for its citizens? I googled it and got nothing but blog stuff. Sound like an Urban Myth to me.
http://truedemocracyparty.net/2012/0...d-only-remedy/
Started by snopes on
, 7 posts
by 6 people.
Answer Snippets (Read the full thread at snopes):
Well there's your explanation for the lack of information online .
About Iceland’s DEBT FORGIVENESS.
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