How many loan modifications have been approved in 2012? Answer: The number of loan modifications approved in 2012 is on the decline as compared to the same time frame last year. There was a thirty one percent (31%) decline in the number of loan modifications approved this year as compared to the same time period […]
May 27, 2012
Short Sale 1099 and the Mortgage Forgiveness Debt Relief Act
Do I get a 1099 if I do a short sale? A: Almost certainly, yes, you will get a 1099 if you complete a short sale. The Mortgage Forgiveness Debt Relief Act Expires 12/31/2012 In 2007, the Mortgage Debt Relief Act was passed in an attempt to help the millions of homeowners who, due to […]
