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Legal Forums Attorneys Real Estate and Property Law
Re:Deed back (1 viewing) (1) Guest
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TOPIC: Re:Deed back
#1040
Samantha (User)
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Re:Deed back 8 Months, 2 Weeks ago Karma: 2  
the banks technically own the property, so they have to take the property back. The banks are required by law to send a 1099-C forgiveness of debt. The debtor has to pay taxes on the debt forgiveness.

I agree with Mickey B about consulting with a bankruptcy attorney first.
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Deed back
Tim46 2008/02/11 00:38
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Micky B 2008/02/11 22:13
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Jackie 2008/02/12 11:29
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Jackie 2008/03/11 15:23
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Samantha 2008/03/11 16:00
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