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Location: Westland, Michigan, United States

Graduate of Walsh Institute Of Accountancy (Now Walsh College) Michigan in 1959. Retired in 1987, but still active in the profession **World War II Veteran (Pacific) **PHONE 734-261-1979 **E-MAIL -cpabakem01@yahoo.com **(Domain Name CPASENSE Registered) **Mentioned in the Journal of Accountancy, SmartPros, Tax Prof Blog, CPA2BIZ, CPA Journal, AccountingWEB, CPATrendlines & More **Search Accounting Blogs: http://www.blognetnews.com/accounting (Includes cpasense)**TOPICS - FINANCE - FEDERAL & MICHIGAN TAXES ** Making Sense Of Your Finance & Taxes

Thursday, December 13, 2007

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

1 Comments:

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6:26 PM  

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