foreclosing.... - Page 2
 Talk About Marriage
  The Marriage Advice and Relationship Help Forums
  right
Forums - For Therapists - Link to Us - Advertise  

    A Public Forum Provided by The Family & Marriage Counseling Directory
Register FAQ Community Search Today's Posts Mark Forums Read

Financial Problems in Marriage When financial times are tough, it adds to the stress we deal with on a daily basis. This section is for talking about how financial problems affect our relationships and ways to cope.

Like Tree3Likes

Reply
 
LinkBack Thread Tools Search this Thread
Old 03-01-2012, 06:53 AM   #16 (permalink)
Member
 
sirdano's Avatar
 
Join Date: Dec 2011
Location: Texas
Posts: 230
Default Re: foreclosing....

Quote:
Originally Posted by Anubis View Post
Also, make sure you check on the tax implications of walking away from your mortgage. You could be stuck with owing taxes on the forgiven debt.

I saw this mess coming and started trying to sell our too-large house back in 2007. I also saw the end of my marriage coming up fast, and intertwined the planning. I slashed the price as much as I could and got out while the getting was doable, even though I had to bring a check for $5k to closing. I have been renting ever since, and have been thankful for the mobility. The guy who bought the house from me suffered some bad fortune, and has been unable to sell it for 18 months now (it's been empty all that time) - at 20% less than he paid for it.
This is not true when we short sale and had 50K in forgiven money you donot have to claim that. This was in turbotax.

Here is the article
Home Foreclosure and Debt Cancellation
sirdano is offline   Reply With Quote Quick reply to this message
Sponsored Links
Advertisement
 
Sponsored Links
Advertisement
 
Reply

Quick Reply
Message:
Options

Register Now

In order to be able to post messages on Talk About Marriage, you must first register. Please enter your desired user name, your email address and other required details in the form below.

Important! Your username will be visible to the public next to anything you post and could show up in search engines like Google. If you are concerned about anonymity, PLEASE choose a username that will not be recognizable to anyone you know.
User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.
Password:
Confirm Password:
Email Address
Please enter a valid email address for yourself.
Email Address:

Log-in

Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.



Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Foreclosing soon, but don't have rental contract on a house yet blueskies30 Financial Problems in Marriage 0 05-09-2012 08:59 AM

Member Area

Find a Therapist:


Sponsor Ads


Sponsor Ads




Get The Family & Marriage Counseling Directory Help Guide via Email:
Name:
Email:




All times are GMT -5. The time now is 07:24 AM.



Copyright 2007 - 2013 © Talk About Marriage

SEO by vBSEO 3.6.0 PL2 ©2011, Crawlability, Inc.