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Mortgage Mortgage Forgiveness Free Credit Card Debt Relief · One last point regarding short sales: Like deeds in lieu of foreclosure, a lender is required to file a 1099C if the debt forgiven exceeds $600. As mentioned in the deed in lieu of foreclosure section above, The Mortgage forgiveness debt relief act offers former homeowners relief for forgiven debt.
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The Home Equity Theft Reporter: Sloppy Foreclosures Continue As Florida Homeowner Faces Actions From Two Different Plaintiffs Each Claiming To Own The Same Note & Mortgage In the 27 states where the courts play no role in foreclosures, the pace is much more brisk – three years in California, two years in Nevada and Colorado – but the dynamic is the same: the foreclosure system is bogged down by the volume of cases, borrowers are fighting to keep their houses and many lenders seem to be in no hurry to add.
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