Mortgage Delinquency Rate for Nevada, 2012

Nevada mortgage delinquency rates are the second highest in U.S. at 10.85 percent   Via: LAS VEGAS REVIEW-JOURNAL, Aug. 9, 2012 Nevada posted the second-highest mortgage delinquency rate in the nation at 10.85 percent in the second quarter, nearly twice … Continue reading

Principal Reduction Mortgage and Taxes

Do I get 1099 if I get a principal reduction from my mortgage company?   Answer: Yes. This is called cancellation of debt and you will almost certainly get a 1099-c. Please check with your accountant or tax expert on … Continue reading