The Internal Revenue Service has provided temporary relief from certain requirements of the Internal Revenue Code to allow owners and operators of low-income housing projects located anywhere in the United States and its possessions to provide temporary emergency housing to individuals who are displaced by a major disaster from their principal residences, regardless of income.https://www.irs.gov/newsroom/low-income-housing-un...

So any relief is a welcomes one. 

BK provides relief from foreclosure and whatever her arrearages are get amortorized in the bankruptcySeveral other questions I would ask are:What is the monthly payment and interest rate on the note?

It seems that I can get a "relief of stay" so that I can evict him, but I don't know the process and I'm traveling for work so couldn't handle it myself anyway if I need to be in a courtroom.I've contacted several local lawyers but they all work on the other side, filing for bankruptcy and defending defaulters. 

I will share that I have had a number of my clients that own rental properties  report to me that they have been contacted by FEMA for generous leasing periods for relief workers that are coming in waves, as we are still in clean up mode in some areas.

This part might be slightly different if its considered a complete liquidation.The only good thing about this scenario is that your property would get a step up to basis to its current FMV and if you start depreciating it - you would factor in the new basis for depreciation...Still you likely lost the $500,000 gain exclusion...You may need to reach out to a CPA to double-check if there is any case law for the IRS to provide relief in your case...Please let us know what your CPA says; i'd be interested to hear what he says!

We have 300 days of sunshine, amazing access to the outdoors, diverse cultural draws and relatively mild(ish) weather.I sound like a Dept of Commerce ad, but all in all I think it's pretty safe to say that if marijuana were outlawed again tomorrow, we'd have a slight relief in the absolute insanity that is our housing market and an equal amount of relief in the unbelievable traffic issues we're facing right now, but not so much that it will ever go back to the "good ol' days" when an oil and gas bust in the 80s decimated the state.

Sure you'll have good and bad renters but you could have people who deploy and there are very specific federal rules under the SCRA (Servicemember's Civil Relief Act) that protect service members. 

From there you'd have to verify if the Motion for Relief from Stay was ordered by the judge which then allowed the homeowner to sell their property.

A bill passed the House yesterday that would grant additional relief on top of what the IRS granted immediately after Hurricanes Harvey, Irma, and Maria.