Right now, he's only got 1.5 years so if he sold today, there would be partial relief of the gains. 

In NYC, I found out that there are four exemption categories as follows: School Tax Relief (STAR) Basic STAR, Enhanced STAR, Senior Citizen Homeowners Exemptions (SCHE), and Disabled Homeowners Exemptions (DHE). 

All the proceeds have gone to all the debt I’ve accrued, the home I lost during recent storms and Maria relief...

I'd put way more faith in the population flow from Californians seeking relief from the high cost of living than in the stadium.  

So the IRS does provide us some relief in that aspect.

It will be a big relief.

The cash is earning 5% -6% in rewards checking accounts and that really offsets the gains on the small debt relief.

They need to understand that they are getting immediate relief from their mortgage payments, you will boost their credit score and it would not make sense if you did not make the payments, because you don't make money until you sell the house.

If they fail to make payments, as most do, the trustee may file a motion for dismissal or the lender may file for relief of stay.

I discovered this forum a couple of months back and breathed a sigh of relief.