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Foreclosure Forum
I received 2 1099-C’s for debt settlements (personal loan & credit card) total of approx. $16,000. It looks like filing a Form 982 for insolvency would give me about $2,500 more in refund. How complicated is it to file for insolvency? Do I need an attorney? Is it more involved than just filing the Form? I am trying to decide if it’s worth it. I always do my own taxes except if I file for insolvency I would have to pay someone to do the taxes. Any help would be appreciated.
Thanks so much ^_^
Foreclosure Forum
You show up at a foreclosure sale with a certified check as required in the notice (usually $5,000 or $10,000), if you want to bid. You can attend any advertised foreclosure auction if you just want to see how it works. If you want to buy, you should try to check out the house beforehand, since most auctioned properties have been neglected, often for years. Needless to say, the owners will not be helpful nor willing to let you in.
A few minutes before the scheduled time for the auction, a lawyer and/or auctioneer will show up. The auctioneer will open the proceedings with a review of the rules and the procedure. The lawyer or other agent will bid for the mortgage holder. There may be other bidders, although often not. Many auctions are called off because the owners were able to reach an arrangement or file for bankruptcy.
Foreclosure Forum
A short sale means that someone is selling a property for less than it is worth or is owed to them.
Normally, a bank will consider short selling a foreclosed property in order to get rid of it and to limit their losses. They will sell it for less than is owed on the property or less than the market value.
Foreclosure Forum
I just gradtuated college and only make 770.00 every two weeks (26,000 a year) entry level plus I pay for rent utlites and grocries I’m trying to find a better paying job how do I get out of this debt? I don’t have money even for the settlement payment that collection agencies want what do I do??? I refuse to claim bankruptcy that’ll make everything worse
Foreclosure Forum
A cash for keys is basically voluntering to move from property and waiving your right of redemption.
Foreclosure Forum
My ex and I got a joint credit card shortly before we got married. We filed for a summary dissolution last year and at the time, the credit card balance was under the 6 grand that is the max amount of debt you can have together based on California law. In oru property
Continue reading How Can I Settle My Credit Card Dispute From My Marriage?
Foreclosure Forum
I am going to file for bankruptcy, and I will not be keeping my home. Should I secure a rental before my credit is shot? Will it affect my bankruptcy filing?
Foreclosure Forum
Trting to buy a bank owned home..and waiting to see if wamu now known as Chase is hard to get approval from on a FHA loan?
Foreclosure Forum
It was approved at $402,000 but fell out of escrow and back on the market. Now that market has gone down it’s priced at $380,000. And I just made an offer a week ago so how long does it take to hear an answer when chase is the lender?
Foreclosure Forum
13. When a corporation is sued for selling unsafe products and loses the suit and is held liable, who is liable for the debt of settlement?
a. the corporation as a legally defined entity
b. the managers of the corporation
c. the shareholders as joint owners
d. the shareholders owning 10 percent or more of
Continue reading Anyone Know Any Of These?? Hw Help Needed.?
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