Confirming that (generally speaking) a property owner will likely have to report any cancelled debt from a short sale as income? Any way around this if true?

Hey guys!I’m a writer and I’m currently working on an article about how to pay off debt, while on a low income. Just wondered if anyone wanted to share their success stories with paying off debts?Include what you did ...

Hey experts was hoping to get some clarification:

The debt forgiveness act, which forgives up to $2M forgiven debt subject to taxation when the bank issues a 1099 during a short:

Is it ONLY for the first $2M of the ...

I had a tenant who owned me $700 quite a few years back. (A bounced check, still have it).I had tried find a collection agent do the job for me but they didn't take it due to the small amount of claim. Am I able to pu...

Hey BP! I purchased my first SFH less than 2 years ago (May 2019), but am in the process of selling to live with my SO and to aggressively save to pay off my student loan debt from grad school. My house value has incr...

http://www.ocregister.com/articles/year-596016-percent-homes.html?page=1

"Gabe Cole bought and sold 15 homes last year as part of his sideline as a house flipper.

This year, however, the Newp...

My brother-in-law has a primary residence (with no mortgage) that he may want to sell to us in the future (and we want to rent it out or do AirBnB).  However, we want to minimize taxes for him and for us.  Currently h...

I have a 2nd lien that we are near foreclosure sale (in Florida). However, borrower hired attorney (not surprised) & attorney claims that since borrower received 1099 from lender in 2010 that lien was released. My...

Hi,I wanted to get advice on buying a pre foreclosure. The person is asking $160,000. Realty Trac shows that the mortgage is for $130,000. I plan on going to the recorders office tomorrow to find out how much the judg...

I just heard back from an owner of a 4-plex, that I originally contacted late last year. He is ready to move forward. He has not made payments on the property for years, had filed BK and no LP has be filed yet (as far...