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Foreclosure Forum

*will Give 10 Points!!!* Tax Question Please Help!?

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?

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Foreclosure Forum

In Real Estate Please Describe The Term ‘a Short Sale’?

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

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Foreclosure Forum

Debt Settlement – Please Help!?

I have a debt for $900 at a collection agency. I was not aware I owed this money, the account is a few years old and has apparently been passed through 2 collection

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Foreclosure Forum

Credit Card Debt Settlement Offer? Please Help?

Hello. I have a credit card that is past due and over limit.. the amount i owe on it is about 1000$, i got a letter in the mail for a settlement offer where i would pay 448$ in 3 months and then my acct would close with a balance of 0$. I was wondering

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Foreclosure Forum

Can You Please Tell Me How To Reach To A Credit Card Settlement?

Hey Everybody, I have been struggling to reach out to my credit card debt settlement for over an year now, but I haven’t gained any success yet, I would really appreciate if someone can let me know of any good company that can help me out instantly. Thanks in Advance Folks, Please Reply!

Heavy Metal

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Foreclosure Forum

We Got Our Loan Modification Approval And The Doubled Our Payment…could This Be Right? Please Help!!!?

I am posting this for a third time since I have gotten zero answers. Apparently no one knows what to do here.
We have been fighting with our mortgage company for almost three years on a miscommunication that happened just before the holidays in 2007 Long story short in March 2009 we presented the

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Foreclosure Forum

Loan Modification (bail Out) Help Please!?

I have a question I unfortunately got laid off a job I had for 16 years the entire company closed. At the time I was making very good money and had no

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Foreclosure Forum

Can Someone Please Share Their Real Exp In Buying A Short Sale Home ,repairing And Renting It?

can someone share their real exp in buying a short sale home ,repairing and renting ( as an out of state buyer depending on asset management ) it in prime cities that are now hit by recession.
What are the challenges you have had. the pros and cons.
If you can share your actual exp

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Foreclosure Forum

Bankruptcy Or Debt Settlement Please Help!!!!?

I HAVE ABOUT 20 THOUSAND IN CREDIT CARD BILLS.THE PROBLEM IS I AM LAID OFF AND THINGS HAVE BEEN BAD FOR SOME TIME.I HAVE THREE OPTIONS.not paying my credit card bills and hope they go away in seven years.2 try and find a debt settlement which who knows which are scams.i dont trust any

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Foreclosure Forum

Can Someone Please Explain To Me What Is A Short Sale?

Are they good to get involve with or not?
My lender is telling me to stay away from them but my realtor says it’s okay and currently my realtor is in escrow with a short sale property. Someone please help me on this because I would like to purchase my home soon. All answers are greatly

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