Purposes. I have 3 children , the older 18 and a college student, and I only see the tax exemption ( same as for a qualifying relative) as she no longer qualifies for the child tax credit. Is there any other thing a could avail of for her as a qua...
Right. You can claim 18-year old full-time student.See question
I live in a 3-family home. Before passing my landlord made me aware of the fact that the home was in process of foreclosure. My landlord passed away in January but someone else is collecting my rent and I'm not sure why. The person collecting my r...
It may or may not be legal. It is not your responsibility to find out. The remaining tenant-in-common should be preserving the other tenant-in-common's share of the profits. But, you are not responsible for policing this.See question
I have been deliqnt for 3 years due to divorce & company closing. I attempted 2 short sles. problems with the bank over assessing the value of the home 3 yrs. tried many attempts with the bank to modify. After the short sales applied for the f...
The modification offer contains the due date.See question
We lost our home to foreclosure, however the buyer of the home, Fannie Mae allowed us to live in the home for an additional 6 months due to us disputing the foreclosure . We are now packing, the buyers have also given us an additional month to com...
You may take anything that is not a permanent fixture. The aluminum fence is probably a fixture as it is attached to the property.See question
I live in Florida, specifically in Hillsborough county. My home was previously in the foreclosure process. I was able to obtain a work out plan through the state Hardest Hit fund, the lender then filed a voluntary dismissal and cancellation of t...
You should consult a local foreclosure attorney. Often, banks will try to avoid some procedural requirements that apply to them by claiming the property is vacant. You will need assistance with this issue.See question
I came into a lump sum of money and can afford to pay everything past due back, but i want to know if banks will allow this and choose not to finish the foreclosure process.. if this is not an option I will just have to move!
Yes. If you get a reinstatement quote and pay the reinstatement amount, your mortgage should be reinstated to good standing.See question
My father passed away in 2012. He put my name on the deed a few years before he died. The bank is finally foreclosing on his home 3 years later. Will my credit be affected? Does the bank have to contact me at all regarding the sale of his home?
I disagree with Mr. Boyer on this one. It is possible your credit may be affected if the bank errs, but it should not be affected.
Since you have no obligation to repay the mortgage, and are not on the note, only your father is responsible. Thus, though you will probably be named in the Complaint, you should not receive an adverse credit action from the bank, and if you do, you have valid grounds to dispute it.See question
I paid in full with an ACH in July 2014 for a tour scheduled to depart in July 2015. The tour operator filed for Chapter 7 bankruptcy in June 2015. No monies will be recovered. Am I able to deduct my loss on my Federal Income Tax returns?
This is a personal loss not a business loss. You may be able to deduct it on your itemized deductions as a casualty loss for bad debt. You should consult a local CPA who can help you with this.See question
I never filed taxes for 2002 and 2003 10-99s that I received, therefore I never paid any taxes. I received notice of this on August 2015, giving me 10 days to pay $21,646. Also included in that Are taxes due from 2013 for a very small amount from...
The 10-year statute of limitations does not start to run until you are assessed by filing your own return. And yes, you are still responsible for paying those taxes and they can garnish your wages. The good news is you can get on a Streamlined Installment Agreement if the total balance is as low as you are talking about. You should call a New York tax attorney to assist you in re-filing your returns, if needed, and by working out a payment plan.See question