Tax codes could hurt if losing your home

Story date: 2007-10-06 08:34:00
Added on: 2007-10-07 00:59:37

Jackson Clarion-Ledger - In a short sale, a home is sold for less than the amount owed on the mortgage; the lender agrees to forgive the balance. That keeps a foreclosure off your credit report, but you'll still be liable for taxes on the forgiven debt. LEGISLATIVE RELIEF ...


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