The banking giant’s top exec will appear before a Senate panel as the company continues to deal with the fallout of several scandals
Homeowner equity has doubled over the last five years as mortgage risk declined
The income tax consequences of foreclosure and short sales have been the subject of much interest due to the mortgage crisis. This article will provide an overview of the major Federal income tax issues. However, it is not intended to provide advice on specific situations. Rather it will help real estate and mortgage advisors become more valuable assets to their clients by better understanding when to refer borrowers for professional assistance.