Tag Archives: Mortgage debt

Important Facts about Mortgage Debt Forgiveness

Posted on March 12, 2013 by Camron Hoorfar

If your lender cancelled or forgave your mortgage debt, you generally have to pay tax on that amount. But there are exceptions to this rule for some homeowners who had mortgage debt forgiven in 2012. Here are 10 key facts … Continue reading →

Posted in General | Tagged , , , | Leave a comment

Mortgage Debt Forgiveness: 10 Key Points

Posted on February 29, 2012 by Camron Hoorfar

Canceled debt is normally taxable to you, but there are exceptions. One of those exceptions is available to homeowners whose mortgage debt is partly or entirely forgiven during tax years 2007 through 2012. The IRS would like you to know … Continue reading →

Posted in General | Tagged , , , , | Leave a comment