Anyone heard of Mortgage Forgiveness Program?
So, I got a solicitation today by a non-government Mortgage Forgiveness Program. I went ahead and did some research on line and found this....
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Debt Forgiveness Ends at End of 2012 Then What?
At the end of 2012 debt forgiveness on the amount written off by the lender goes away. So if you have a loan for $500,000 and $250,000 goes away in a short sale, you now do not pay taxes on the $250,000 that was forgiven by the bank. This law expire
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