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Loan Modification

: Loan Modification & Home Loan News

Struggling Californians who get short sales or loan mods may face huge tax bills

By Moe Bedard

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With less than a month until tax filings are due, struggling Californians who received mortgage modifications or lost their homes in short sales or foreclosures last year face the prospect of huge state tax bills. That’s because legislation that would prevent their canceled debt from being treated as taxable income is caught in the latest budget [...]

Full post as published by Loan Modification & Home Loan News on March 18, 2010 (boomark / email).

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