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Can the IRS withhold your refund if you recently had your house forclosed on?
Wiki User
∙ 9y ago
The IRS cannot withhold the refund if your house is foreclosed on. However, if the mortgage debt forgiveness results in the IRS treating you as having more taxable income, it may reduce or eliminate the refund. If you've recently been foreclosed on, talk to a tax professional to see if it will affect your tax refund.
Wiki User
∙ 9y ago
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Does PMI pay the forclosed house off?
i believe it does pay the mortgagee, and satisfies it with them, but doesn't absolve you of repayment (what is left after they sell the house).........but i'd call (or read the policy) on your mortgage insurance
If your house in foreclosure and is up for sale can it still be forclosed on by the lender?
Yes, the act of listing your home for sale will not stop or stall the foreclosure proceedings. Homes can be listed for sale for months and even years.
Does Foreclosure affect credit score?
If you have to ask this question i can see why your home was forclosed, Of course it does, If you buy a brand new car and dont pay for ot and it gets repo'd dosent that effect your credit? Yes. Ok now how many cars can you buy for the price of a house 3-4. Okay so a forclosure is like 3-4 reposessions. Make sence???
Are house mortgage rates lower for first time buyers?
The house mortgage rates are lower for first time buyers. At least they were just recently. You can call up a local real estate agent and ask them to make sure.
How can I align my finances to allow me to pay off my house?
You can always cut back and budget. An extra 50 bucks a month is an extra $600 a year, which in a lot of cases could be an extra month on your mortgage. Using your income tax refund to take out a big chunk is also a nice technique.
What are current prices of a house?
That will depend on the square footage of the house,and if you can find a forclosed property you can reduce the price substanstually.
Can you evict tenants for nonpaiment if house is being forclosed?
Right up until the foreclosure sale, yes.
Why was francis house forclosed on in kit kitterdge the movie?
The father's auto dealership failed and he could not make the payments.
Does PMI pay the forclosed house off?
i believe it does pay the mortgagee, and satisfies it with them, but doesn't absolve you of repayment (what is left after they sell the house).........but i'd call (or read the policy) on your mortgage insurance
If your rental property is forclosed, will you loose the house you currently live in ?
there is a possibility that will happen becuase it is a rental property not a leased or buying option where you would have more options to keeping if you were a home owner.
If your house in foreclosure and is up for sale can it still be forclosed on by the lender?
Yes, the act of listing your home for sale will not stop or stall the foreclosure proceedings. Homes can be listed for sale for months and even years.
Can you buy a house and then foreclose on the first house and will it affect the recently bought house?
yes you can
Sold your house forgot to cancel insurance?
Contact your insurance company and explain the situation. If you are able to prove when you sold the house the company should issue you a refund for the period after you sold the home. If you have an agent call him/her and they should be able to help you get the refund.
Was there a Mosque prayer at the White House recently?
no
My husband forclosed on our house And shut off the water can I have the water turned back on in PA?
Some information lacking. How or why did your husband foreclose on his own house ? What is your involvement with the house ? Co-owner or buying it from your husband ? If you have partial or co-ownership of the house, you should be able to turn the water back on. They may want a deposit or there may be other legal issues you haven't mentioned.
What happens to you when your landlord gets forclosed on?
This was the case for us during the early 1990's. Our rental home went into foreclosure. We stopped paying rent, stayed in the house for another 2 1/2 months, and then moved.
Can you get an extension for more time if you are tenant and house is being forclosed?
I suppose it can happen, but it's not necessarily likely to happen.If you're renting the house from the person that's being foreclosed upon, you generally automatically get longer to "quit" (leave). It's kind of unlikely that you would get a further extension of that.
