Thread: Gmac ...fail
View Single Post
Old 07-28-2009, 08:05 AM   #4 (permalink)
Evan Bedard
LoanSafe.org Homeowner Guide
  
 
Evan Bedard's Avatar
 
Join Date: Aug 2007
Location: Southern California
Posts: 4,123
Nominated 0 Times in 0 Posts
TOTW/F/M Award(s): 0
Evan Bedard has a reputation beyond reputeEvan Bedard has a reputation beyond reputeEvan Bedard has a reputation beyond reputeEvan Bedard has a reputation beyond reputeEvan Bedard has a reputation beyond reputeEvan Bedard has a reputation beyond reputeEvan Bedard has a reputation beyond reputeEvan Bedard has a reputation beyond reputeEvan Bedard has a reputation beyond reputeEvan Bedard has a reputation beyond reputeEvan Bedard has a reputation beyond repute
Re: Gmac ...fail
Hi mario65,

Quote:
They said it looks like I might qualify. They said I would get a 1099 for the forgiven difference if it is approved.
Yes this is what I have heard as well. Your lender will issue a 1099 and have you pay off the taxes on what is still owed on the loan..
__________________
Keep Fighting!

Evan Bedard
LoanSafe.org Support Team

Please donate via paypal to LoanSafe.org to help keep this forum going

The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our Privacy Policy and Legal Disclaimer Here.
Evan Bedard is offline   Reply With Quote Share with Facebook