Tags » Home Affordable Modification Program

Top 9 Tax Tips about Debt Cancellation

If your lender cancels part or all of your debt, it is usually considered income and you normally must pay tax on that amount. However, the law allows an exclusion that may apply to homeowners who had their mortgage debt cancelled in 2015. 334 more words

Cozby & Company

Federal Homeowner Aid Program Rejects 70 Percent Of Applicants

Seven in 10 homeowners who apply for help under the federal government’s signature mortgage aid program are rejected, according to a government report released Wednesday. 72 more words

Foreclosure Defense