HELP with Homeowner Government Programs-Updates starts April 5, 2010

To simplify all of the confusion, “Hope” and “Making homes afordable” programs are broad names that encompus the specific options listed below. The specific program options are the following: (click on specific program for details) HARP HAMP 2...

IRS tells homeowners how to get tax relief if a lender forgives part of their debt

Generally, the Internal Revenue Service (IRS) treats debt forgiveness by a creditor as taxable income.  However, under federal legislation that took effect in 2007, certain home mortgage debt cancellations–such as loan modifications, short sales, or...