Relevant:
- Begging The Bank To Forgive Some Of The Mortgage On Your Primary Residence? Better Act Fast
- New tax breaks a relief to homeowners
- Mortgage Settlement Tally: $10.56B in Relief, Mostly 'Short Sales'
- Consumer Guides: Shorter Terms Recommended for Harp 2.0, Securing an FHA Loan After a Short Sale
- Bill HR3648. The Senate-bound phantom income bill
2008-06-27 — housingdoom.com
"Prior to the Mortgage Forgiveness Debt Relief Act that was enacted in December of last year, lenders could issue a 1099 as a result of modification of the terms of the mortgage, or foreclosure on your principal residence. This is not true for all mortgages however."
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