Tax relief on mortgage debt forgiveness ends in 2013, so hurry

The tax-relief law allows homeowners to exclude from income certain debts forgiven by their lenders. The tax break expires Dec. 31, 2012, but keep in mind that a short sale or foreclosure can take many months. The window is closing rapidly on one of the most important tax-relief provisions enacted by Congress during the housing crisis to help financially strapped homeowners.

Mortgage Accord, Debt Collection Settlement, Foreign Bribes: Compliance

States have until Feb. 3 to decide whether to accept a proposed nationwide settlement of a foreclosure probe with banks including JPMorgan Chase & Co. and Citigroup Inc. that may total as much as $25 billion.

Mortgage debt measures unveiled

The Government has announced new legislation designed to reform Ireland’s “arcane” bankruptcy laws and assist householders struggling with mortgage debt.

Loan Modification Short Sale and Foreclosure Tax Consequences

SAN DIEGO, Feb. 3, 2012 /PRNewswire/ -- Indicating most homeowners awaiting loan modification approval and contemplating short sale or foreclosure are not aware of all consequences with regard to their ...

Terry Burkot Promotes Vital Reason Short Sales in New Tampa & Wesley Chapel FL Must Start Now

Terry Burkot promotes a vital reason why short sales in New Tampa, Wesley Chapel, and Tampa Bay, FL, must start now to avoid expensive IRS repercussions.Tampa, FL (PRWEB) January 23, 2012 Veteran realtor and house short sales expert, Terry Burkot explains the vital reason why anyone considering short sales in New Tampa, Wesley Chapel, and Tampa Bay, FL, needs to start now. That reason, unknown ...