Black & LoBello on AM720 KDWN
Click here to listen to the January 2nd, 2013 radio show. Topics include tips to avoid probate involving real estate (1:32), what happens to debt and property after death (3:15), how to manage health care decisions (8:05), updating wills (9:00), marital disclaimer (11:05), children NOT included in a trust (13:45), including assets in a trust (15:45), naming a […]
Mortgage Settlement Deadline January 18
National Mortgage Settlement — You May Be Eligible for a Distribution Nevada’s Office of the Attorney General, Bureau of Consumer Protection, is contacting Nevada residents who are eligible to receive a portion of the settlement reached by Nevada with various mortgage servicers, including Bank of America, Wells Fargo, GMAC, Allied, and J.P. Morgan Chase. If your […]
Extending The Mortgage Debt Relief Act
Attorney General’s from various states have sent the correspondence linked below, to the U.S. Senate and of the United States House of Representatives urging them extend the Mortgage Debt Relief Act. The act is currently slated to expire on December 31, 2012. Please read this letter and contact your State Representatives to support this effort. Attorney General’s Letter […]
Income Tax Considerations Involved in a Short Sale or Foreclosure
If you borrow money from a commercial lender and the lender later cancels or forgives the debt, you may have to include the canceled amount as income for tax purposes. You should determine whether you will qualify for an exemption before your contemplated short sale or foreclosure closes. You may become obligated to the IRS instead […]