I owe several years of back taxes. How do I stop bank foreclosure because of back taxes? I am paying the taxes as much as I can a month.

Technorati Tags: back taxes, bank foreclosure

We purchased a foreclosure in November of 2008. We paid substantial back property taxes on the new home. We did not receive a 1098 form for this portion of our property taxes. Our lender is saying to use our HUD statement to show the back taxes. I’m afraid the IRS does not have records we paid those taxes. How do I file to reflect this payment we made?

Technorati Tags: 1098 form, back taxes, Foreclosure, hud, irs, property taxes

My friend mother past away,leaving no will…
The house went into forecloser back taxes..
my friend has sisters and brothers..
My friend filed bankruptcy and stop the house from being sold
the day of the auction. Does nt she own the house? if not if sold wiil the rest of the children have to pay her everything back she put into the house? she the only one paying the taxes and bankruptcy
Only one child is paying the back taxes
Cause she filed bankruptcy…and she paying taxes..Does the automatic turn over to her?

Technorati Tags: auction, back taxes, bankruptcy, paying taxes, sisters and brothers

If a foreclosure has a first and second mortgage and back taxes does the new owner have to pay the second and back taxes to accuire(own) the property?

Technorati Tags: back taxes, Foreclosure, second mortgage

I am facing foreclosure soon. I have approx. 20K in CC debt, half of which is current and the other half has been charged off, but collectors are calling me everyday trying to collect. I owe approx. 20k in back taxes and about half of that is over 3 years old. That is important because if back taxes are over 3 years old i can be included in a ch. 7 BK. My bank is willing to look at a short sale on my property but have said they will file a deficiency judgment against me for the difference which could be in the ten’s of thousands. I know a short sale would help me avoid a foreclosure on my credit but my scores are 525-510-530 so I am not sure it can hurt too much. Would CH 7 Bankruptcy be a better option, asusming I qualify. I have been told by a BK atty that I would. Thanks in advance.
Thank you for the kind words and the advice. Keeping the hosue is not an option and I simply cannot afford it. I am licensed Realtor and had 700+ credit when I bought it a couple years ago. I worked for a home builder and he has recently gone out of business- the housing slump and decimated my income. I was not intentionally negiligent on my bills…I could not control the housing market. Refinancing is not an option..my scores are now in the low 500’s. I want to be responsible and pay my debts but if I do a short sale and then the bank files a judgment against me for the amount they lose on the sale I will not be able to pay it. I hate to have the stigma bankruptcy on my credit if at all possible but it is tough to get through the day when creditors are continually calling. Now the possibility of a large (K +) judgment against is looming if I do a short sale.

Technorati Tags: 20k, 3 years, back taxes, bankruptcy, bk, ch 7, creditors, debts, deficiency judgment, facing foreclosure, home builder, hosue, housing market, housing slump, judgment against, realtor, refinancing, stigma, thanks in advance

I am going to bid on a house at foreclosure and it has a 1st mortgage of 0K and a second of K. The lender on the first two mortgages is Decision One Mortgage. The lender at foreclosure is Countrywide. Does this mean that if I buy this house at foreclosure that I will own additional money to the second mortgage or just the first mortgage and back taxes?

Technorati Tags: back taxes, decision one mortgage, first mortgage, Foreclosure, money, mortgages, second mortgage