Detailed market commentary at The Market Ticker and Ticker Classics
(The Year 2012 In Review)
Donations accepted; we offer GOLD ACCESS for enhanced privileges. T-Shirts, caps, coffee mugs? Click here.
BlogTalkRadio - Mondays at 3:30 Central - Yes, TickerGuy has a radio show (kinda)
RSS available You are not signed on; if you are a visitor please register for a free account!
|MarketTicker Forums Single Post Display (Show in context)||
User: Not logged on
|User Info||BofA Give-Away Has Few Takers Among Homeowners: Mortgages; entered at 2012-07-11 23:14:19|
Here's a thought. The borrow thinks "Hmm, I've not been paying my mortgage for a couple of years and have a lot more free cash. You want to to reduce my loan by $150K and start making payments again. That 'loan forgiveness' will count as 'income' by the IRS and I'll have to immediately pay $30K+/- in additional taxes this year."|
If I were in that situation, I'd say "No Thanks" as well; but likely wouldn't use such polite terms :-)