Tax, Credit and Other Financial Consequences of Foreclosures, Short Sales and Mortgage Loan Principal Forgiveness - Free On-Demand #MCLE

This training will help improve your ability to counsel homeowners in financial distress. The training will provide an overview of the financial issues - including tax and credit consequences - homeowners may face after a foreclosure, short sale or loan modification. Tax experts will explain the fundamentals of how cancelled mortgage debt is treated under state and federal tax law, and provide insights into changes in tax law that may take effect as early as next year. Practitioners will discuss what types of personal liability homeowners may still face following a foreclosure, short sale or deed-in-lieu, and will use case examples to illustrate the credit impact of various forms of mortgage delinquency resolution. Panelists will also outline legal strategies for addressing these issues through bankruptcy, fair debt collections and fair credit reporting claims.
Title:
Tax, Credit and Other Financial Consequences of Foreclosures, Short Sales and Mortgage Loan Principal Forgiveness
When/Where:
On-Demand Web-Based Recorded Program
Released on: Oct. 24, 2012
Running Time: 03:15:38
Speaker:

• Lila Fedler ~ Education & Outreach Program Specialist, State of California Franchise Tax Board
• Lisa Ihm ~ Enrolled Agent
• Adetunji Olude ~ Staff Attorney, Housing and Economic Rights Advocates
• Lisa Sitkin ~ Managing Attorney, Housing and Economic Rights Advocates
• Chair: Maeve Elise Brown ~ Executive Director, Housing and Economic Rights Advocates

Credit:
3.25 In Many States
By:
Practising Law Institute

More Information And Access To The Program

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