Sentences with phrase «sale debt discharged»

One of the other things I would pay careful attention to is getting your Massachusetts short sale debt discharged.

Not exact matches

The secured debt gets paid out as much as possible from the property's sale, and any shortfall is unsecured, and therefore eligible for discharge in any insolvency proceeding.

Bankruptcy is a federal court process where you get the chance to eliminate or reorganize your debts through discharge (which can mean the sale of assets), or by following a repayment plan that will often last 5 years.

When the buyer is indebted to a particular seller for two or more consumer credit sales of goods and the goods which were the subject of two or more sales secure the buyer's total debt to the seller, the security shall be discharged by applying the buyer's payments as they are received by the seller or the seller's assignee to the portions of the debt in the order in which they were incurred.

All government backed mortgage loans post foreclosure, short sale, deed in lieu, or a discharge of bankruptcy assume you have income to pay off debts and stay afloat.

This temporary law limited exclusion of income for discharged home mortgage debt for principal homeowners who went through foreclosure, short sale or other mortgage forgiveness.

If you are selling your primary residence as a short sale, The Mortgage Debt Relief Act of 2007 generally allows taxpayers to exclude income from the discharge of dDebt Relief Act of 2007 generally allows taxpayers to exclude income from the discharge of debtdebt.