In a foreclosure suit if the case is dismissed and the bank does not refile, what is the status of the property? Can it be sold?

Technically, you can't sell the property for less than market value. Market value is the amount a buyer is willing to pay for the property. Market...

I agree with the prior answers but would add that it is possible to defend the deficiency lawsuit. Also, your new property is your homestead and...

What are if any, the consequences for me , the mortgagee if i "deed in lieu of foreclosure"

You need to consult with a real estate and tax attorney who can evaluate the tax consequences for you to recover the property. Clearly, to protect...

Was married 2009. Divorced 2012. No taxes ever filed. Do I still owe for yrs married.

Tax filing requirements and debts are personal obligations. The only way for a tax liability to have become a joint (marital) responsibility would...

Home Foreclosure questions

You should sit down face to face with a foreclosure defense attorney to review your circumstances. If the QWR was done correctly, you may have a...

On what assets does the 5% streamlined disclosure tax penalty apply for US residents disclosing unfiled FBARS and 5471's?

There is no way to answer these questions in this forum. You need a tax attorney to review your circumstances and provide case-specific analysis.

Imcome taxes due based on missing info

You need to consult with a tax attorney immediately. You may have options, including disputing the IRS determination, but the exact nature of your...

I have a problem with homestead taxes.

Unfortunately, that's not the law. The law places the burden on you to claim a homestead exemption when you are eligible to do so and the burden to...

Paid fed taxes on a foreclosed home at $261,026.05. I got a motion of deficiency for $231, 996.26. Can they ask for double?

There is a very good chance your tax filing was inaccurate or incorrect. If you prepared your tax return based upon receipt of a 1099-c from your...

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Can I buy a second home after a forclosure

As always, Ms. Galant has provided a complete and thorough answer. I agree that the best bet would be to review the existing foreclosure action to...