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Can I discharge taxes in bankruptcy?

Yes you can discharge your taxes in Chapter 7 and Chapter 13 bankruptcy if you meet the following criteria: 1. If the return was due (including extensions) less than 3 years prior to filing; 2. The return was actually filed less than 3 years before filing; 3. Taxes...

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How to raise credit scores

By improving your credit scores, you will qualify for better loans and credit cards. Improving your scored requires time and patience, but it is possible. FREE CREDIT REPORT- Your first step in the process should be getting your free copies of your three major credit...

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Will I owe taxes after a short sale?

When your lender agrees to a short sale of your home it is agreeing to cancel a debt.  The IRS in the past considered your lender forgiving a debt a taxable event. But, because of the real estate meltdown Congress passed the Mortgage Forgiveness Debt Relief Act of...

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Getting a home loan is easier than you might think

Home loan interest rates are at record lows yet many people hesitate to apply out of fear of getting rejected. There are many rumors flying around that are discouraging consumers from entering the housing market. However, getting approved for a home loan is easier...

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2 Mortgage Giants Set to Cut Principal

Some Fannie Mae and Freddie Mac borrowers could see their mortgages shrunk through principal reduction, as California makes an effort towards getting more homeowners into a foreclosure prevention program. State officials are now dropping a requirement that banks match...

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