Sentences with phrase «foreclosure or short sale last»

Here's an exception: Filers who had a loan modification, foreclosure or short sale last year can exclude the amount of debt forgiven on their principal residence from gross income in 2017.

Not exact matches

You don't get the hefty Tax bill under current rules - but that exemption won't last forever - it would really suck to struggle paying the mortgage for a few years then be forced into a short sale or foreclosure and get a big tax bill for it as well.

There is no question that in this economic down turn we have experienced over the last five years or so that short sales and foreclosures have become part of our everyday Real Estate landscape.

Up until last week, would - be homebuyers who had undergone foreclosure, declared bankruptcy, or undertaken a short sale had to wait years before they would be eligible for an FHA - insured mortgage loan.

Over the last seven or so years many Americans have fallen into debt due to extreme circumstances of long - term unemployment, student loans, upside down mortgages, short sales, and foreclosures.

Last Update: 02/24/16 All experienced Florida foreclosure defense lawyers know that the national Foreclosure Mortgage Settlement Agreement contains a provision that mandates that lenders not go forward with a foreclosure if there is an alternative in the works for that home loan (for example, a loan modification or short sale is being negotiated).