Falling behind in payments doesn’t have to mean a borrower is doomed to lose their home. Lenders and servicers are often willing to work with the borrower to find options that allow the borrower to remain in their home while ...
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Making Mortgage Forgiveness Tax Relief Permanent
United States tax policy has been in the spotlight in recent months, with President Trump signing the Tax Cuts and Jobs Act into law in December, and experts debating what the long-term impact of the bill will be ever since. ...
Read More »Tax Relief Bill to Hit President’s Desk
The bill extends a provision allowing borrowers who lost their homes through a short sale to exclude the forgiven mortgage debt from their gross income on tax returns.
Read More »North Carolina Bill Would Permit Homeowners to Exclude Forgiven Mortgage Debt from Taxes
A bill approved by a committee in the North Carolina House of Representatives would allow distressed homeowners to omit forgiven principal mortgage loan debt when reporting tax income at the end of the year, according to a media reports.
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