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Romney Profited From Mortgage Foreclosures in Florida

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What If a Mortgage Company Accepts Payment After Starting a Foreclosure? Mortgage lenders are in the business of accepting your payments, not refusing them. However, after missing several payments, you may reach a point when your lender stops accepting payments, rejecting your efforts to bring the loan current.

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After holding a roundtable with voters struggling as a result of the foreclosure crisis, Romney said he wished that Gingrich had heard their stories as a former adviser to mortgage giant. “While.

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A ThinkProgress examination of Mitt Romney. of the mortgage obligations for now-defunct Washington Mutual and Countrywide, suggests more than 5,000 foreclosure cases were filed in 2010. And.

As far as the Internal Revenue Service is concerned, a foreclosure is the same as the sale of a property. The bottom line is that it once was yours and now it’s not. This means the event can trigger a capital gain or loss, and if any part of the mortgage debt is forgiven or canceled, income tax may be due on that amount as well.

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Over the last four years, Florida has consistently been among the top four states in foreclosures. to other countries," Romney said at an event in Tampa today. Gingrich "said during a debate.