An explanation of the Mortgage Debt Relief Act of 2007
Tuesday, March 2nd, 2010 Posted in debt relief | No Comments »The Mortgage Debt Relief Act of 2007 allows taxpayers to exclude from income the amount of debt forgiven related to their principle residence. If the debt was reduced through mortgage restructuring or the debt was forgiven connected to a foreclosure, ...
Special Message to Seniors and Disabled Whose Mortgages are Under Water
Thursday, February 25th, 2010 Posted in debt relief | No Comments »By Jerome S. Lamet, Supervising Attorney Debt Counsel for Seniors and the Disabled A recent article in “The New York Times” by Richard H Thaler expresses a realistic view of the problems of mortgages on houses that are greater than the value ...