Quote: |
Originally Posted by John Scott I'm being foreclosed on my money pit (aka house). I realize my credit gets trashed, etc.... but is that it? | Nope. Several things could happen. Some are:
- The lender can pursue you for their damages (loss) due to your breach.
- They can also report that 'loss' to the IRS (form 1040-C) and then you will be liable for the taxes on any 'forgiveness'. Quote: |
Am I responsible for property tax until someone the bank sells the house at auction.
| You are liable for any taxes incurred during your home ownership. The minute the bank or bidder takes ownership, your obligation ends. Quote: |
What about any liabilities from something that may occur when my house is vacant?
| See above.
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There are at least 17 lawsuits (!!) pending in various courts, including the US Supreme Court, asking if Obama is a natural born citizen (as req'd by Art II, Sec 1 of the US Constitution).
Why has he spent over $1.35M in legal fees to block disclosure... rather than spend $12 for a VALID birth cert to settle the matter? The 'certificate' he has presented doesn't qualify to get a drivers license, wouldn't allow a child to qualify for Little League, or for a real citizen to get a US passport!
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04-04-2005, 06:11 AM
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