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I entered into a loan modification on my principal residence
I entered into a loan modification on my principal residence in 2013 . For various reasons the modification was not honored by the bank. I sued the lender and they agree to a settlement whereby they p… read more
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Two questions: 1) We modified our home loan in 2009. Our original loan was 325,000. During the modification,BOA took interest we had not paid (missed payments) in the original loan, and added this to … read more
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I refinanced my mortgage in December 2013 to buy out my ex-husbands
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I am in Los Angeles, California. I am currently working
I am in Los Angeles, California. I am currently working on a loan modification. I understand that if I do a short sale my principal residence or a deed in lieu I will have debt forgiveness on deficien… read more
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In 2010 I refinanced my condo and paid points. In 2010 and
In 2010 I refinanced my condo and paid points. In 2010 and 2011 I deducted 1/30th of those points each year and planned to continue to amortize them each year through the life of loan. But now I'm con… read more
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I refinanced my mortgage for 10 years in Nov. I paid 1600 in
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I reduced my interest rate through a loan modification, as
I reduced my interest rate through a loan modification, as opposed to a refinancing, and am wondering whether the fees associated with such modification would be deductible either (i) in the year of t… read more
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When a loan is refinanced and there is a pre-payment penalty
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I am doing a loan modification and did not make any mortgage
I am doing a loan modification and did not make any mortgage payments in 2009. Since my modification includes the interest that will be paid going forward, can I still write off that interest for 2009… read more
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Hi, I am upside down on my home. The current value of loan
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Hi, for a California non-recourse foreclosure, a person should
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Im in the process of a divorce and deciding whether to short
I'm in the process of a divorce and deciding whether to "short sell" or "short refi" my condo. I will not be able to afford the condo "as is" on my own. I've been told by my CPA that the forgiven debt… read more
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I had my house forclosed in 2008 and also went bankrupt because
I had my house forclosed in 2008 and also went bankrupt because the lender was suiting me for the difference I owed and what it sold for at auction. Bakruptcy granted in Dec. Now I get a 1099-A form f… read more
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Can I write off my pre-payment penalty, payed during a ...
Can I write off my pre-payment penalty, payed during a Refi? In June of 2007, I refinance my home loan for my primary residence. In doing so, I incurred a pre-payment penalty. According to the documen… read more
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Helping a friend with his taxes. he paid a loan ...
Helping a friend with his taxes. he paid a "loan modification fee" to a mortgage company. Sounds like 'points'...of some kind..Is this fee deductible for tax purposes like mortgage interest ? The rece… read more
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