Does the mortgage debt relief act apply to people who refinanced?
I hear 2 versions of this story. That the canceled debt from my short sale this year will NOT be considered income and others say it will be because a refinanced and made it a recourse loan. My CPA told me it wont be considered income for 2008 tax purposes and I wont be taxed on it? Any feedback from others?
Tags: recourse loan, refinanced, Relief, Apply, people, relief actRelated posts:
- Does the Mortgage Forgiveness Debt Relief Act apply to short sales?
- If I let a mortgage go into forclosure will the tax debt relief act signed in 2007 help me?
- Mortgage Forgiveness Debt Relief Act
- Foreclose or Short Sale before 2012 - The Mortgage Debt Relief Act North Scottsdale Real Estate
- What are the guidlines on the Mortgage Debt Relief act?
Hi,
I used “Credit Solution” to settle my debt and aimprove my credit score.They managed to reduce my debt up to 58% .It’s legitimate.I came across this company on NBC News Special Edition.Check it out here:
http://shortlinks.co.uk/4cl