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February 28, 2008 at 4:58 PM in reply to: “Renegotiate” Your Loan – banks giving in to buyers in distress #162191
Deal Hunter
ParticipantUpdate Feb. 4, 2008 — The Mortgage Forgiveness Debt Relief Act of 2007 generally allows taxpayers to exclude income from the discharge of debt on their principal residence. Debt reduced through mortgage restructuring, as well as mortgage debt forgiven in connection with a foreclosure, qualify for this relief.
http://www.irs.gov/newsroom/article/0,,id=174034,00.html
I'm doing the same thing as that guy, but on a volunteer basis (Loan Advocacy). Hmmmm. Perhaps I should charge a little something.
February 28, 2008 at 4:58 PM in reply to: “Renegotiate” Your Loan – banks giving in to buyers in distress #162488Deal Hunter
ParticipantUpdate Feb. 4, 2008 — The Mortgage Forgiveness Debt Relief Act of 2007 generally allows taxpayers to exclude income from the discharge of debt on their principal residence. Debt reduced through mortgage restructuring, as well as mortgage debt forgiven in connection with a foreclosure, qualify for this relief.
http://www.irs.gov/newsroom/article/0,,id=174034,00.html
I'm doing the same thing as that guy, but on a volunteer basis (Loan Advocacy). Hmmmm. Perhaps I should charge a little something.
February 28, 2008 at 4:58 PM in reply to: “Renegotiate” Your Loan – banks giving in to buyers in distress #162502Deal Hunter
ParticipantUpdate Feb. 4, 2008 — The Mortgage Forgiveness Debt Relief Act of 2007 generally allows taxpayers to exclude income from the discharge of debt on their principal residence. Debt reduced through mortgage restructuring, as well as mortgage debt forgiven in connection with a foreclosure, qualify for this relief.
http://www.irs.gov/newsroom/article/0,,id=174034,00.html
I'm doing the same thing as that guy, but on a volunteer basis (Loan Advocacy). Hmmmm. Perhaps I should charge a little something.
February 28, 2008 at 4:58 PM in reply to: “Renegotiate” Your Loan – banks giving in to buyers in distress #162521Deal Hunter
ParticipantUpdate Feb. 4, 2008 — The Mortgage Forgiveness Debt Relief Act of 2007 generally allows taxpayers to exclude income from the discharge of debt on their principal residence. Debt reduced through mortgage restructuring, as well as mortgage debt forgiven in connection with a foreclosure, qualify for this relief.
http://www.irs.gov/newsroom/article/0,,id=174034,00.html
I'm doing the same thing as that guy, but on a volunteer basis (Loan Advocacy). Hmmmm. Perhaps I should charge a little something.
February 28, 2008 at 4:58 PM in reply to: “Renegotiate” Your Loan – banks giving in to buyers in distress #162589Deal Hunter
ParticipantUpdate Feb. 4, 2008 — The Mortgage Forgiveness Debt Relief Act of 2007 generally allows taxpayers to exclude income from the discharge of debt on their principal residence. Debt reduced through mortgage restructuring, as well as mortgage debt forgiven in connection with a foreclosure, qualify for this relief.
http://www.irs.gov/newsroom/article/0,,id=174034,00.html
I'm doing the same thing as that guy, but on a volunteer basis (Loan Advocacy). Hmmmm. Perhaps I should charge a little something.
Deal Hunter
ParticipantI see your point.
But…. aren’t we in a couple of wars that need a bit of funding now as well??? Is it less bothersome to expand money for Iraq? Is that less irritating than expanding money to fund a collapsing domestic economy?
I guess so.
I don’t see how debt free is a relative term in this case. If I owe you $110 and I give you $110, then I don’t owe you anything anymore. When Guido said, “Lucco Brazi sleeps with the fishes.” They were even, that should have been the end of the movie!
Deal Hunter
ParticipantI see your point.
But…. aren’t we in a couple of wars that need a bit of funding now as well??? Is it less bothersome to expand money for Iraq? Is that less irritating than expanding money to fund a collapsing domestic economy?
I guess so.
I don’t see how debt free is a relative term in this case. If I owe you $110 and I give you $110, then I don’t owe you anything anymore. When Guido said, “Lucco Brazi sleeps with the fishes.” They were even, that should have been the end of the movie!
Deal Hunter
ParticipantI see your point.
But…. aren’t we in a couple of wars that need a bit of funding now as well??? Is it less bothersome to expand money for Iraq? Is that less irritating than expanding money to fund a collapsing domestic economy?
I guess so.
I don’t see how debt free is a relative term in this case. If I owe you $110 and I give you $110, then I don’t owe you anything anymore. When Guido said, “Lucco Brazi sleeps with the fishes.” They were even, that should have been the end of the movie!
Deal Hunter
ParticipantI see your point.
But…. aren’t we in a couple of wars that need a bit of funding now as well??? Is it less bothersome to expand money for Iraq? Is that less irritating than expanding money to fund a collapsing domestic economy?
I guess so.
I don’t see how debt free is a relative term in this case. If I owe you $110 and I give you $110, then I don’t owe you anything anymore. When Guido said, “Lucco Brazi sleeps with the fishes.” They were even, that should have been the end of the movie!
Deal Hunter
ParticipantI see your point.
But…. aren’t we in a couple of wars that need a bit of funding now as well??? Is it less bothersome to expand money for Iraq? Is that less irritating than expanding money to fund a collapsing domestic economy?
I guess so.
I don’t see how debt free is a relative term in this case. If I owe you $110 and I give you $110, then I don’t owe you anything anymore. When Guido said, “Lucco Brazi sleeps with the fishes.” They were even, that should have been the end of the movie!
Deal Hunter
ParticipantYeah, I’m with you on BofA. In December, my prognosticaions were that either BofA or Citigroup would fold and the government would scoop up the carnage. As of this week, Citigroup has a worse balance sheet, so it could be them.
If Obama is elected, he may successfully stave off privitization and other drastic tax concessions. I don’t have the same opinion if Hillary is elected. I think all her talk of fighting for the mid-class and poor will all fade in the early hours and she’ll be back to rubbing the feet of her devouted corporate backers. In my view, she’s as much a Democrat as W is a Republican.
Hey, have you heard of a book called, “The Sovereign Individual” by Lord William Reese-Mogg? Freaky book, but interesting. Reese-Mogg has consulted with George W during his campaign and now with Hillary’s people. The book predicts all this that is happening now (written in 1997), and heralds the end of American style capitalistic democracy. Totally OT, but thought you might find it interesting.
Deal Hunter
ParticipantYeah, I’m with you on BofA. In December, my prognosticaions were that either BofA or Citigroup would fold and the government would scoop up the carnage. As of this week, Citigroup has a worse balance sheet, so it could be them.
If Obama is elected, he may successfully stave off privitization and other drastic tax concessions. I don’t have the same opinion if Hillary is elected. I think all her talk of fighting for the mid-class and poor will all fade in the early hours and she’ll be back to rubbing the feet of her devouted corporate backers. In my view, she’s as much a Democrat as W is a Republican.
Hey, have you heard of a book called, “The Sovereign Individual” by Lord William Reese-Mogg? Freaky book, but interesting. Reese-Mogg has consulted with George W during his campaign and now with Hillary’s people. The book predicts all this that is happening now (written in 1997), and heralds the end of American style capitalistic democracy. Totally OT, but thought you might find it interesting.
Deal Hunter
ParticipantYeah, I’m with you on BofA. In December, my prognosticaions were that either BofA or Citigroup would fold and the government would scoop up the carnage. As of this week, Citigroup has a worse balance sheet, so it could be them.
If Obama is elected, he may successfully stave off privitization and other drastic tax concessions. I don’t have the same opinion if Hillary is elected. I think all her talk of fighting for the mid-class and poor will all fade in the early hours and she’ll be back to rubbing the feet of her devouted corporate backers. In my view, she’s as much a Democrat as W is a Republican.
Hey, have you heard of a book called, “The Sovereign Individual” by Lord William Reese-Mogg? Freaky book, but interesting. Reese-Mogg has consulted with George W during his campaign and now with Hillary’s people. The book predicts all this that is happening now (written in 1997), and heralds the end of American style capitalistic democracy. Totally OT, but thought you might find it interesting.
Deal Hunter
ParticipantYeah, I’m with you on BofA. In December, my prognosticaions were that either BofA or Citigroup would fold and the government would scoop up the carnage. As of this week, Citigroup has a worse balance sheet, so it could be them.
If Obama is elected, he may successfully stave off privitization and other drastic tax concessions. I don’t have the same opinion if Hillary is elected. I think all her talk of fighting for the mid-class and poor will all fade in the early hours and she’ll be back to rubbing the feet of her devouted corporate backers. In my view, she’s as much a Democrat as W is a Republican.
Hey, have you heard of a book called, “The Sovereign Individual” by Lord William Reese-Mogg? Freaky book, but interesting. Reese-Mogg has consulted with George W during his campaign and now with Hillary’s people. The book predicts all this that is happening now (written in 1997), and heralds the end of American style capitalistic democracy. Totally OT, but thought you might find it interesting.
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