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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

After My Credit Has Already Dropped 130 Points From Late Payments, Is A Short Sale Better Than A Deed In L?

We are 150 days late on our mortgage payments and in the middle of a Deed in L. of Foreclosure, but we can now possibly complete a Short Sale. Will a short sale benefit our credit and ability to buy another home sooner than a Deed in L?

Continue reading After My Credit Has Already Dropped 130 Points From Late Payments, Is A Short Sale Better Than A Deed In L?

Foreclosure Forum

What Are Some Points Of Consideration When Buying Real Estate In Short Sale?

There is this condo which is priced 140,000 in short sale. I am keen to consider it as I am paying 1350 rent for the same. What are some things that I need to look in to decide for this?
Also would it be better to continue renting in CA in the present housing situatio or

Continue reading What Are Some Points Of Consideration When Buying Real Estate In Short Sale?