I Am Facing Foreclosure - Education and Help for Those in Need

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SCAM ALERTS:

Unfortunately, during this economic downturn, many scam artists try to take advantage of homeowners and their difficulties. You must be cautious of any advice you find on the Internet. Carefully research any company that you use. To help you with your investigations, here are some reputable organizations to visit:

Better Business Bureau
RipoffReport.com
Mortgage Lender Implode-O-Meter

The tax implications of foreclosure or a short sale can be complex, but just because the laws are complex, that doesn't automatically mean that you will have a tax problem. We are not tax lawyers or accountants and therefore we cannot provide tax advice to you. We recommend that you speak with a tax professional in your area for advice on your specific situation.

Helpful Links:

IRS Article on Understanding Taxes