foreclosures: Is Countrywide Going After Sellers/Borrowers for Deficiency Judgments in Nevada? - 04/22/09 10:59 PM
Nevada is a "recourse" loan state. It is not a "walk away state." Creditors could "go after" borrowers/sellers and seek a judgment for any deficiency for a home loan. Here's what two Certified Short Sale Professionals had to say when I asked them whether Countrywide or any other lenders were seeking deficiency judgments in Las Vegas, Nevada. According to Don (2 comments)
foreclosures: MORTGAGE FORGIVENESS DEBT RELIEF ACT EXTENDED! - 02/14/09 11:29 AM
The Mortgage Forgiveness Debt Relief Act of 2007 was extended for 3 more years! The Act now extends through 2012 under the Emergency Economic Stabilization Act. In addition to calendar years 2007-2009, the Act now includes 2010-2012! Additionally, you should tell your clients to ask their tax attorney or CPA if they might qualify (1 comments)
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