Rate Cut Speculation dominates market
Rate-Cut Speculation Dominates Market
"You can walk away from the big house payment, but not from the potential tax implications," says John W. Roth, senior tax analyst at CCH in Riverwoods, Ill. "And if you couldn't afford the mortgage, you probably can't afford the taxes." Although, there is “talk” of change, you may receive a bill from the IRS in the event of a short sale or foreclosure.
"You can walk away from the big house payment, but not from the potential tax implications," says John W. Roth, senior tax analyst at CCH in Riverwoods, Ill. "And if you couldn't afford the mortgage, you probably can't afford the taxes." Although, there is “talk” of change, you may receive a bill from the IRS in the event of a short sale or foreclosure.
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