Tag Archives: Lawyer

Tax Results of Foreclosure and the Cancellation of Debt

By John Reynard III, Esq., LL.M. | Published: February 23, 2011

What is debt cancellation and why is it such a common theme in today’s real estate and tax world? In the current economic climate, thousands of homeowners are receiving reports from lenders showing large income amounts as a result of the Cancellation of Debt.  January 31 was the date by which lenders were obligated to [...]

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Chapter 13 Bankruptcy

By John Reynard III, Esq., LL.M. | Published: February 15, 2011

Many homeowners looking to save a home that is in foreclosure look to filing a Chapter 13 bankruptcy.  Filing Chapter 13 can be an effective way to give a homeowner an opportunity to halt foreclosure proceedings and enter into a repayment plan with a lender. There are many requirements that need to be met in [...]

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Bankruptcy Planning and Short Sales

By John Reynard III, Esq., LL.M. | Published: January 19, 2011

Is bankruptcy the best option for you?  When faced with a looming foreclosure many people rush to file bankruptcy.  Although this may be an effective way to put a temporary halt on the bank’s ability to sell your house, it is not always the best decision when factoring the rest of your financial scenario. First [...]

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Bankruptcies and Home Mortgages

By John Reynard III, Esq., LL.M. | Published: November 29, 2010

A common question today is whether or not bankruptcy will solve a homeowner’s foreclosure issues.  Increasingly, bankruptcy is a tool that advertisers on television and radio tout as a method of saving one’s home. There are different factors that enable your attorney to determine whether or not bankruptcy is a viable option for you.  Some [...]

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