Archived
My home is being foreclosed and I was not on the loan only the note. Can I do a quitclaim deed to come out of the foreclosure?
Tara's answer
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Answered on March 19, 2014
A quitclaim will not entice the bank to drop you as a party to the foreclosure action. You can reach out to the bank's attorneys and try to get...
Archived
Can I claim the difference between what I owed and what the home sold for ,in Foreclosure, as a loss on my taxes?
Tara's answer
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Answered on March 16, 2014
No. You are using the wrong numbers to determine your the loss on the disposition of the property. The disposition of the property in a foreclosure...
Archived
Already have an assigned sale date after settlement with bank at the court, can I try to push back/postpone sale date??
Tara's answer
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Answered on March 13, 2014
Taking action to stall/delay the agreed upon sale date could very well be a breach of your settlement agreement, thus could negate the agreement as...
Archived
Settled foreclosure case with bank in court on March 2014. Have a question regarding the Deficiency Waiver and taxes due...
Tara's answer
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Answered on March 13, 2014
A deficiency waiver is a forgiveness of debt. The lender is required to report that forgiveness to the IRS. You in turn must report the forgiven...
Archived
Is an unmortgaged home safe from student loan debt collection in Florida?
Tara's answer
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Answered on March 13, 2014
Also, the condo will only qualify as your homestead for creditor protection purposes if you live there. The property does not have to be your...
Archived
Foreclosure case was dismissed. Does the 5 year Statute of Limitations start over when it is assigned to a New Bank?
Tara's answer
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Answered on March 11, 2014
None of the above. The statute of limitations for a lender to foreclose in the state of Florida is a source of contention in the legal field at the...
Archived
I have a home mortgage with Wells Fargo. What would happen if I refused to pay my Homeowners insurance?
Tara's answer
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Answered on March 11, 2014
Whether to pay for property insurance is within your discretions but there are consequences for not doing so. As the other attorneys noted, your...
Archived
Received a 1099-MISC for 6K payment in '13 from Fund I Independent Foreclosure Review Payment - do I need to pay income tax?
Tara's answer
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Answered on March 10, 2014
You will need to report the cash payment as taxable income on your return. The foreclosure sale and the settlement payment are separate and...
Archived
I have very complex tax issues that have been plaguing me for years. I called two of those tax resolution places, no help there
Tara's answer
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Answered on March 10, 2014
You should really consult a tax attorney to review your circumstances.
Archived
Foreclosure case. Ex-wife served with complaint. I was not served. It shows in the court's docket that I was not served.
Tara's answer
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Answered on March 10, 2014
If you received a Notice of Action in that package, that is one part of service by publication. You should consult an attorney to review your options.
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