1 Articles match "Dec","Homes","Magazine"
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The Latest from RealtyTrac
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Bush Foreclosure Solution Just Adds Water
At present, under the Tax Code a homeowner who loses a home to foreclosure has to pay income taxes on any portion of the mortgage debt the lender may decide to forgive. Given such reasoning, amending the legislation’s core concept may indeed be justified because in the free market system under which this country operates homeowners, like any other consumers, should not be rewarded for making bad financial decisions in purchasing more home than they could really afford in the first place. It wasn’t very long ago that President George W. Bush came out with a public policy statement
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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The Best from RealtyTrac
|
MORE
|
-
Bush Foreclosure Solution Just Adds Water
At present, under the Tax Code a homeowner who loses a home to foreclosure has to pay income taxes on any portion of the mortgage debt the lender may decide to forgive. Given such reasoning, amending the legislation’s core concept may indeed be justified because in the free market system under which this country operates homeowners, like any other consumers, should not be rewarded for making bad financial decisions in purchasing more home than they could really afford in the first place. It wasn’t very long ago that President George W. Bush came out with a public policy statement
www.foreclosurepulse.com
- Tuesday, December 16, 2008
