Archived
I lost my home in foreclosure after having it for 20 years, did the president sign a bill that protects me?
Kristy's answer
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Answered on February 06, 2011
There is currently no bill signed preventing foreclosures for taking place. On this subject, there is not even a mandate forcing the banks to give...
Archived
What schedule do I put already foreclosed house and repossessed car in?
Kristy's answer
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Answered on February 06, 2011
It should be listed in Schedule F if the foreclosure and repossession has already happened. The Statement of Financial Affairs also has several...
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Archived
Just filed chapter 7 - How much of my 2010 tax refund are the going to take from me ?
Kristy's answer
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Answered on February 06, 2011
The answer to this questions depends on what state you live in and what exemptions you have already claimed in your bankruptcy case. There is now...
Archived
Filed bankruptcy, trustee liquidated my interest in bus. partnership. Sold to my partner, Will I receive K1 with loss of inv?
Kristy's answer
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Answered on February 06, 2011
Yes, you should.
Archived
What are the possible pitfalls to the lender in accepting a deed-in-liew-of.?
Kristy's answer
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Answered on February 06, 2011
There will likely be some tax consequences to the deed in lieu of foreclosure for the debt that is cancelled. The tax liability will be owed by the...
Archived
Can we pay off the whole lease at once?
Kristy's answer
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Answered on February 06, 2011
I have never had any of the landlords that I represent turn this proposal down. I imagine most landlords would welcome full payment of the leasr up...
Archived
Can we pay off the whole lease at once?
Kristy's answer
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Answered on February 06, 2011
I have never had any of the landlords that I represent turn this proposal down. I imagine most landlords would welcome full payment of the leasr up...
Archived
Can a lender forclose on a property when the deed is in both spouses names but the mortgage is only in one of there names.?
Kristy's answer
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Answered on February 06, 2011
Loan modifications are a priviledge, not a right. If you want the modification you will have to meet the lenders terms. A lender has the right to...
Archived
I received 1099-c cancellation of debt forms last week dated from 2009 and 2008 do I need to report them on my 2010 taxes?
Kristy's answer
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Answered on February 06, 2011
You should amend to report it on your prior year returns, but if you filed for bankrutpcy then it is unlikley that you will owe taxes based on this...
What does "Public body" mean or refer to on a Real Estate Contract? what Buyer and Seller paying before and after?
Kristy's answer
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Answered on February 06, 2011
Public body could include government agencies (like property tax assessments, IRS debt) or utilities company liens. Hope that helps!
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