The Mystery of income you can't spend - but do you have to declare it? When DON'T you have to report forgiven debt (from a short sale, deed in lieu or foreclosure with release from the lender) as income? One of the biggest issues that potential short sellers and those in foreclosure ask me is wh
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04/18/2008
CANCELLATION OF DEBT INCOME - WHAT IF THERE IS NO 1099? When DON'T you have to report forgiven debt as income? One of the biggest issues that potential short sellers and those in foreclosure ask me is whether they have to get a 1099 for any forgiven debt from their lender. Without a single excep
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04/16/2008
Calling All Ethical Loan Officers - Hello? Anyone There?Every day I field questions about short sales, foreclosures and real estate investing. I represent developers, lenders, buyers, sellers, the sharks and the lambs. All have different work for me and all need different solutions. Today a c
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04/09/2008
I received an email on my quest to find the real answers to the incessant question of how a foreclosure vs. short sale vs. deed in lieu all affect the credit report of the borrower.The email I recieved was from the President of a Florida credit counseling service and it was a response to my reque
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04/03/2008
