Do You Face Foreclosure On Your Home?
Includes Chart
If you are one of millions of homeowners unable to pay the mortgage debt on your home, you may be facing what is called ‘foreclosure,’ the process by which a bank or other lender seizes your home to pay off the debt. Foreclosure is governed by state law, so you will need to become familiar with the laws in your state. Typically, the lender must wait a certain period of time (during which you are not making payments on
the loan) before serving you notice of default..........
ABA Taxation
IRS:
http://www.irs.gov/newsroom/article/0,,id=174034,00.html
If you are one of millions of homeowners unable to pay the mortgage debt on your home, you may be facing what is called ‘foreclosure,’ the process by which a bank or other lender seizes your home to pay off the debt. Foreclosure is governed by state law, so you will need to become familiar with the laws in your state. Typically, the lender must wait a certain period of time (during which you are not making payments on
the loan) before serving you notice of default..........
ABA Taxation
IRS:
http://www.irs.gov/newsroom/article/0,,id=174034,00.html
posted by Milt Baker CPA | 11:40 AM
0 Comments:
Post a Comment
<< Home