A short sale occurs when the lender agrees to forgive a homeowner's mortgage debt(s) during the sale of their home. The transaction benefits the homeowner by avoiding a foreclosure and the homeowner receiving possible relocation assistance. Other debts including liens and property tax debt can be...
for example, may deny you future options for income-based repayment or loan forgiveness if you've settled other debts. It's crucial to research the ramifications of debt settlement before making a decision, especially if you rely on specific government programs or benefits. ...
Internal Revenue Service (IRS) private letter ruling on the technique known as sale with debt forgiveness. The IRS private letter ruling 200603002 suggests that the agency will view such a strategy, such as when a parent "sells" his home to a child and later "forgives" the debt, as a p...
The challenge isn't how to make more money, it's how to make and use money to live a life you love, with time and space for yourself. And that's the heart of Millennial Money: stop hustling yourself into a breakdown and stop wasting time by managing money poorly. ...