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pencilneck
ParticipantI’m investing in hockey masks.
ParticipantI’m investing in hockey masks.
ParticipantI’m investing in hockey masks.
ParticipantGood question Bobby.
As long as it was a clear cut non-recourse loan and foreclosure there should be no tax implications.
If there were second loans involved, which are generally recourse loans I believe, they will probably have to pay income tax on any amount they previously owed after the foreclosure.
http://www.irs.gov/newsroom/article/0,,id=174034,00.html
ParticipantGood question Bobby.
As long as it was a clear cut non-recourse loan and foreclosure there should be no tax implications.
If there were second loans involved, which are generally recourse loans I believe, they will probably have to pay income tax on any amount they previously owed after the foreclosure.
http://www.irs.gov/newsroom/article/0,,id=174034,00.html
ParticipantGood question Bobby.
As long as it was a clear cut non-recourse loan and foreclosure there should be no tax implications.
If there were second loans involved, which are generally recourse loans I believe, they will probably have to pay income tax on any amount they previously owed after the foreclosure.
http://www.irs.gov/newsroom/article/0,,id=174034,00.html
ParticipantGood question Bobby.
As long as it was a clear cut non-recourse loan and foreclosure there should be no tax implications.
If there were second loans involved, which are generally recourse loans I believe, they will probably have to pay income tax on any amount they previously owed after the foreclosure.
http://www.irs.gov/newsroom/article/0,,id=174034,00.html
ParticipantGood question Bobby.
As long as it was a clear cut non-recourse loan and foreclosure there should be no tax implications.
If there were second loans involved, which are generally recourse loans I believe, they will probably have to pay income tax on any amount they previously owed after the foreclosure.
http://www.irs.gov/newsroom/article/0,,id=174034,00.html
ParticipantIgnore what the talking heads say and look at the rate of 3 month bonds, which the Fed rate trails.
Yes, if the three month yield continues to rise the fed will surely follow suit.
ParticipantIgnore what the talking heads say and look at the rate of 3 month bonds, which the Fed rate trails.
Yes, if the three month yield continues to rise the fed will surely follow suit.
ParticipantIgnore what the talking heads say and look at the rate of 3 month bonds, which the Fed rate trails.
Yes, if the three month yield continues to rise the fed will surely follow suit.
ParticipantIgnore what the talking heads say and look at the rate of 3 month bonds, which the Fed rate trails.
Yes, if the three month yield continues to rise the fed will surely follow suit.
ParticipantIgnore what the talking heads say and look at the rate of 3 month bonds, which the Fed rate trails.
Yes, if the three month yield continues to rise the fed will surely follow suit.
May 12, 2008 at 2:46 PM in reply to: Nine houses lost, investor reflects on ‘stumbles’: California man speculated with ‘neg-am’ loans, now says it was mistake #202901ParticipantAt least he learned a valuable lesson:
“Where I went wrong is I invested heavily in an area that wasn’t my passion and I had a really demanding full-time job so I couldn’t pay attention to nuances”
His real failure was in not quitting that pesky full-time job. If he had only had enough time to pursue the market’s nuances…
Better luck next bubble.
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