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The Mortgage Forgiveness Debt Relief Act of 2007 was introduced in the United States Congress on September 25, 2007, and signed into law by President George W. Bush on December 20, 2007. This act offers relief to homeowners who would have owed taxes on forgiven mortgage debt after facing foreclosure.
Debt settlement is the process of negotiating with creditors to reduce overall debts in exchange for a lump sum payment. A successful settlement occurs when the creditor agrees to forgive a percentage of the total account balance. Normally, only unsecured debts, not secured by real assets like homes or autos, can be settled.
More than 570 Washington state consumers who signed up for Freedom Debt Relief's services will be eligible for about $800,000 restitution under the state's settlement with the California-based the ...
4. You Meet the Income Requirements. To qualify for debt relief, you must be able to make a certain amount of payments on your debts each month, plus cover any fees related to the debt relief ...
In 2002, Stroh and his business partner Andrew Housser founded Freedom Financial Network (FFN), to provide a full range of specialty financial services to U.S. consumers. Companies within the Freedom Network are Freedom Debt Relief, offering debt relief assistance ; Freedom Tax Relief to manage IRS tax debts; Golden Road Financial focused on ...
Key takeaways. Debt relief is a restructuring of debt to make it easier for you to pay it back. You can get debt relief from lenders, debt relief companies and credit counseling agencies. The best ...
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