Are taxes forgiven for Deed in Lieu of Foreclosure, the same as they are for foreclosure, per the mortgage forgiveness act?
Also, have your accountant review Section 108 of the Internal Revenue Code.
Westlake Village, CA
Bankruptcy and debt Lawyer at Westlake Village, CA
Practice Areas: Bankruptcy & Debt, Chapter 7 Bankruptcy ... +2 more
Also, have your accountant review Section 108 of the Internal Revenue Code.
One thing to add as well as the other advice, Make sure you did not sign a Reaffirmation Agreement with the Lender that was filed in the Court. ...
Find out who the Chapter 7 Trustee is in your Aunts case and contact the Trustee to make an offer that is reasonable so the Trustee would sell the...