Preventing Foreclosure

Download Guide to Preventing and Avoiding Foreclosure

Tag Archive for ‘taxes’

Options when Facing Foreclosure

November 3, 2008Consequences of Foreclosure, Options to Foreclosing, Refinancing

If you are facing foreclosure, don’t feel that your fate is locked in to losing your home.  There are options which can help you save your home, but you must act quickly as most of them are time sensitive.
The best option for you depends on your specific situation.  For example, a repayment plan may be [...]

Tags: , , , , , , , , ,

Tax Implications of Foreclosure

October 22, 2008Consequences of Foreclosure

After having your home foreclosed, you may wonder whether there is an IRS tax bill lurking in the aftermath waiting to add more misery to a series of unfortunate events.  The answer is somewhere between yes and no depending on whether the foreclosed home was your primary residence or not.
Foreclosure on a Primary Residence
The Mortgage [...]

Tags: , ,