Avoid paying taxes on forgiven mortgage debt - CBS News

(MoneyWatch) It could be the ultimate tax kick in the gut -- if you don't know how to stop it.

A new federal rule regarding the tax treatment of mortgage debt forgiveness may soon change, requiring homeowners who qualify for principal reduction under the government's Home Affordable Modification Program, or HAMP, to wind up footing a huge and, in many cases, unaffordable tax bill. But there is a...

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Website: http://www.cbsnews.com

Related topics : mortgage loan modification tax implications / mortgage loan debt forgiveness / mortgage loan debt to income / mortgage debt loan / loan to pay credit debt

Help for Financial Hardship - Bayview Loan Servicing

Am I Eligible For A Home Affordable Modification?

If you can no longer afford to make your monthly loan payments, you may qualify for a loan modification to make your monthly mortgage payment more affordable. Millions of borrowers who are current, but having difficulty making their payments and borrowers who have already missed one or more payments may be eligible.

To learn if you are eligible...

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Date: 2017-02-28 08:58:17
Website: https://www.bayviewloanservicing.com

Related topics : direct loan servicing payment / loan credit report / home credit loan contact number / mortgage loan modification tax implications / home credit loan requirements