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Loan Modification

: Loan Modification & Home Loan News

Lose Your Home to Foreclosure? Here Comes the Tax Man

By Moe Bedard

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It is IRS policy to tax forgiven debt you are personally responsible for as if it is income. Say, for example, your credit card company settled a $10,000 debt for 50 cents on the dollar. You?d have a debt forgiveness of $5,000, which the IRS would count as income, just like your wages. The same policy [...]

Full post as published by Loan Modification & Home Loan News on April 09, 2010 (boomark / email).

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Class Action Filed Against Banks in Foreclosure Proceedings

Countrywide Financial Corp.
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Texas' KB Home Hit with Price Fixing Class Action
Texas' KB Home Faces Price Fixing Class-Action

KB Home Faces Price Fixing Class Action
KB Home Faces Price Fixing Class Action

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