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Options for Distressed Homeowners: the Mortgage Forgiveness Debt Relief Act

Relief from mortgage debt doesn’t have to result in heavy tax burdens   In the wake of the 2007 housing market crash, Congress enacted the Mortgage Forgiveness Debt Relief Act of 2007 (the “Act”). Central to the Act was a provision that, subject to certain conditions, temporarily excluded debt forgiveness from a mortgage lender on… Continue reading Options for Distressed Homeowners: the Mortgage Forgiveness Debt Relief Act

Tucson Tax Lien Foreclosure

Most homeowners pay their property taxes through their monthly mortgage payments. If this is the case, the mortgage lender pays the taxes on the property to the state as they become due. However, some homeowners are responsible for paying their property taxes directly, and if they fall behind on their tax obligations, a unique investment… Continue reading Tucson Tax Lien Foreclosure

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