Posts Tagged: Pre-Foreclosure Workouts

Pre-Foreclosure Workouts, Loan Modification Agreements and 1099-C Tax Consequences of Debt Forgiveness

Posted & filed under Foreclosure Defense.

In this recent era of mortgage lenders being increasingly open to pre-foreclosure workouts and loan modification agreements, it is imperative that property homeowners understand the potential for taxable income consequences that could arise as a result of the loan modification agreement.  In the past when a homeowner was behind on their mortgage, the primary solution… Read more »