Posted on: 19th Feb, 2011 02:28 am
Almost one year ago me and my family were trying to lower our interest rate through the obama modification stimulas program. Well, this did not go well, because we were evicted 8 months after the process began.I was surprised to receive a 1099-A this year.The property has not been sold yet, and I am really not sure what this means. Is there a way to clear this debt. My income is very little, and my husband has been on disability for 15 yrs. now. Could this help us to possibly clear the debt owed? Weare really afraid and h&r block is trying to help but they are not too familiar with this form.please help!!Thank you for your time..
Hi rrusso,
As you've been evicted from the property and you've abandoned the property, you've received the 1099a form. After the property is sold off, if the lender forgives the dues, then you'll receive the 1099c form.
Thanks
As you've been evicted from the property and you've abandoned the property, you've received the 1099a form. After the property is sold off, if the lender forgives the dues, then you'll receive the 1099c form.
Thanks