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February 2018 Archives

What a 1099C can mean to your taxes after foreclosure

If your lender forecloses on your home or you sell it as a short sale (meaning you sell it for less than you owe the lender), the lender may forgive the unpaid balance on your mortgage. While forgiveness of unpaid debt may sound like a good thing, it may not at tax time.

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Toms River Office
609 Main Street
Toms River, NJ 08753

Fax: 732-775-7404
Toms River Law Office Map

Neptune Office
2240 State Route 33
Neptune, NJ 07753

Phone: 732-341-1550
Fax: 732-775-7404
Neptune Law Office Map

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