Do You Have Bank of America?
Wednesday, October 10, 2012 at 2:56PM
Martha Passalaqua

Are you receiving letters about your second mortgage? Is it scaring you? Don't be afraid! Open those letters. Many people who are currently upside down in their first mortgage, and who also have a second, have been getting a very cool letter. They have gotten notified that their second mortgage is being forgiven! Wow! Yep, that means Bank of America doesn't want to be paid back.

And, for the rest 2012, forgiveness of debt income does not require you to pay taxes on it under certain circumstances. Do you have questions about receiving a letter like this? Or do you have questions about short sales, bankruptcies, or foreclosures? Feel free to give me a call and schedule your free consultation.

From Martha Law Offices of Martha Passalqua

Article originally appeared on Law offices of Martha Passalaqua, Bankruptcy Law in Modesto, CA (http://www.bankruptcylawmodesto.com/).
See website for complete article licensing information.