I agree that the cash is taxable as ordinary income now, but I am not as agreeable on the loan. Where the disagreement comes is in what kind of...

What is the best way to structure a real estate acquisition fee so that it not be treated as ordinary income?

I am afraid that what you are looking for will not be easily shared on this kind of forum. Those are proprietary agreements and strategies that...

Iam about to file bankruptcy.some attorneys have told me that if I do not reaffirm i am screwing myself down the road.

I have been working on mortgages in bankruptcy for nearly five years and I have never recommended a client reaffirm a bank loan on a mortgage on a...

Will moving out-of-state affect my Ch7 BK?

Changing states is really only an issue prior to filing when a court is looking at the burden on the creditors and the choice of exemptions...

What can I do if I have a tax lien filed against me.

Tax liens can be released when payment is made or the debt is negotiated in an offer in compromise. If you have unemployment benefits that are...

Is an AP summons on a BK7 valid if it was filed after the stated Objection deadline on Form 9A?

Whether it is valid or not is not the question you wish to have answered. The real question is whether you should answer the complaint. The...

Can I move out into rental property while I short sell or foreclose our property?

The bank does not have any ability to restrict your moving to another property. One of the issues that you must look at is that the property may...

Short sale or foreclose?

The VA benefit does not have to paid back, I have had a couple of clients with that question expclicitly. The previous attorney is correct in that...

Do I need a attorney if you are going to foreclose on a house?

I agree that the Northwest Justice Project is a good place to start. Also, the Foreclosure Fairness Act web page with the Department of Commerce...

In Washington state, foreclosure sale was stayed when we filed bankruptcy. The bankruptcy was dismissed as we were unable to

There is an RCW 61.24.130(4) which deals with bankruptcy. Despite the bankruptcy filing, the sale date is good if relief from stay is granted or...