Subscribe Feed (RSS)Income Tax Relief for Property Owners facing Foreclosure
November 10th, 2008 by Carly Speyer | No Comments | Filed in Real Estate LawThough the Buffalo area has not been hit as hard by the mortgage crisis as other parts of the country, there are still many local people who are affected. Whether in a foreclosure situation or in negotiating with a lender to accept something less than the full mortgage debt that is owed (a “short sale”), a homeowner may end up having a portion of his or her mortgage debt forgiven by his or her lender. In the past, (more…)
Tags: foreclosure, mortgage crisis, short sale
