I left Indiana with an exhusband who wanted to keep the house and did, but never made a payment.  Then he skipped town.  The house foreclosed and I received a statement stating the value and the debt, but nothing else.  I don't know where I stand on filing with the IRS.  Help!
124503
Generally, if the lender forecloses on your property, the IRS treats it like a taxable sale or exchange, from which you may have a gain or loss, even though you did not actually sell the property. It is important that you check if the loan you had was nonrecourse or recourse. If your loan was a nonrecourse loan (mortgage secured by your home), you treat the foreclosure as if you sold the property at the fair market value. If your loan was recourse debt (meaning you are personally liable for payment) you may have to figure out if you owe taxes on income realized from cancellation of your debt, in addition to the gain or loss. It sounds so unfair, but you won't realize this taxable income as long as the value of the home is more than the value of the debt cancelled.\n\nYou should definitely consult with an experienced CPA to make sure you're filing everything correctly. If you feel overwhelmed just relax and file for an extension. It's better to get everything right the first time. Good luck.
464273
The abstract is the collection of copies of the recorded instruments relative to the property in question. If you've collected that, you can have it entered into evidence in a court, but they'll probably want the testimony of whoever did the search so they can judge whether or not they are reliable. \n\nNow,  if I understand you correctly, A, B, C, and D owned the property, and sold it to B.  What happens next depends on the documentation. \n\nIf A, C, and D received a mortgage which was recorded, A can foreclose and if C and D join as plaintiffs, they will own. \n\nIf there is no mortgage, but there is documentation to prove the debt connected to the land, it would be a strong "maybe". \n\nIf the only recorded document is the deed to B, A probably isn't going to make it very far. \n\nLife is rough when you try to do legal things on the cheap without a lawyer.
301984
Dear Friend,\n\nIt's time to consider filing for bankruptcy.  Your ex is broke, and there's no way the state can be held liable.  Sorry, that's the bottom line.\n\nYour Friend,\nFrancesois
386872
You can consider taking him to small claims court. You won't need a lawyer for that. The information about how to do it is available from your local court system in your community. If you file a small claim and he fails to respond or show up, you will get a default judgement. That will allow you to attach to any property (real estate) and perhaps go after any payroll with a garnishment. For $1500, I would definately nail his asss to the wall.
340557
Does he actually own the home and owe nothing on it? That's pretty unusual.  Even if he does, he still needs to pay taxes and utilities.  Of course you have to contribute.  However, you have only known him a few weeks, so if it were me, I would stay put.
576748
A mortgage involves a note and  a (trust) deed. Unless you expressly deeded an interest to your home to your ex-husband, you are the still the sole owner and he is obligated on the mortgage note (Sucks to be him if you default). \n\nThe disposition of the house and the mortgage (and debt) should have been explicitly dealt with in your divorce. If you had a divorce lawyer, you should contact the lawyer to determine if your EX has any legal rights to the home.\n\nMortgage companies and banks do not tend to be careless where a legal owner and spouse sign a note and trust deed. You may be obligated by the note. \n\nThe mortgage, however, would not entitle your EX to any interest in your home.
527852
I went to the county clerk and recorder office and recorded my judgment.  It automatically puts a mechanics lien on his real estate property. IE:house,land that he has in his name he cannot sell or get a loan until this is paid.  Also I got an Interrogatory form(long form) and had the sheriffs office give it to him, I did this three times but I can do it as many time as I want the judge said so.  The interrogatory makes him disclose all of his assets including his money in the bank.  Then I got another form for Garnish and Levy which will clean out his bank account and or subtract money from his paycheck or Income tax return.  All of the money I spent to collect from him is also added to the total amount and the total accrues at 8% a year.  I had to  to revive the judgment every six years to keep it active.  It's like money in the bank drawing 8% a year so if you don't get paid this year it don't matter.  This is Colorado Law it may be a little different where you live.  This is not advice but my experience.  You may use it however you wish. I did it all myself without a laywer.
491847
If you have closed on the loan, you are done.  If they are asking for tax returns that they have not received, I seriously doubt you have actually closed.  In any case, file returns now.  If you are due a refund, you are still within the 3 year window to claim the refund.  If you owe the IRS, penalties and interest continue to accrue until you pay.  The 3 year window for assessing tax does not start until you file.  If you never file, the IRS can come after you forever even without alleging fraud.
437454
This is to much calculating for me to do in my head so I'll help a little bit.  The vacation home is going to be used "primarily personal" since you did not rent it for more than fifteen days(if I'm wrong its a fourteen day limitation, in which case its a mixed use home) , and you used it for 56 days.  So the income from the home is excludible.  However, if its a fourteen day limitation the home is mixed use, and you would need to allocate income, and expenses as business/personal.  With the IRS method you calculate interest and taxes based on total days used, in this case 71 days.  So the amount of interest and taxes deductible FROM rental income would be 14/56 x 5800.  Keep in mind thats only if its a fourteen day limitation.  I'm pretty darn sure its a 15 day limitation so most likely this vacation home income is excludible.  I would have to look up the number, but I'm to lazy right now. Good luck on your test.
252679
at the courthouse. they are required to post it or publish it, to give the people a chance to pay the debt. our court house has a bulletin board with properties listed, and the taxes owed.
178533
Go back to the county recorder's office.  Look at the deed for the current owner.  Check who is listed as the "Grantor" or "Seller".  If the Grantor or Seller is the Sheriff then it was a foreclosure.  If the Grantor or Seller is your ex then your ex sold it.  Also look at the signature page to see who signed it.  If your ex signed it then he sold it.  If someone from the Sheriff's office signed it then it was a foreclosure.
181980
I suggest you get your stuff together, starting now...as in life. IF you are earning an income, you will have little recourse but to file all taxes with whatever payment you can muster. You will be levied fines and interest and penalties. IF you have a bank account, I strongly suggest withdrawing all monies from it, as if you have much in it, it will be siezed as soon as the IRS checks your assets out. IF you own a home, there will be liens placed upon it for the amount you owe. \nIF you do not have an income...relax!  Just don't plan on having one for about 1 year. NOW, go to a tax lawyer, spread out the mess. They will help you file, with addends as to NOT BEING ABLE TO PAY....the IRS will settle for whatever they can get, as little as .01 on the $ owed. You will have to pay something, but not anything like you may owe. Once you have an agreement with the IRS, DO NOT BREAK IT IN ANY WAY...if you do break the agreement, you will have to start all over, and trust they will then begin to hound you. Get yourself legal in any way you can, for the energy you spend on worrying about the IRS is destructive to your future. You can come out of this clean, and when you do, stay that way! You cannot go 'underground' and ever expect to earn much money in cash...people cannot pay much in cash, for they will be paying the income tax on whatever they pay you...do not expect much in the way of wages when you work this way. Be aware that anything and everything you own is subject to siezure IF you do not come clean... IF THEY Find out about your 'activities' before you tell them about it, they will come down on you hard....it is called tax evasion, and you can go to prison for it...doubtful, but certainly can happen. Once you file returns, they cannot jail you...they can just go after whatever they can get. Act now, this will not get better with time. Good luck
227187
Unfortunately, he can file bankruptcy, which just makes it harder for you to collect. You did mention for "us" to qualify  for a loan on our new house... I'm assuming this means you both own this house together (BOTH of your names are on the title)? If this is the case, you can go to court, and sue him for your half of the equity in the house (and the original downpayment plus attorney's fees) - this may require him to sell the house (which he can't legally do without your signature if your name is also on the title also). While the money you used to pay off your ex's vehicle and travel trailer might be gone (but not necessarily), at least you might be able to recover your loss suffered in the mortgage loan. Good luck!
130035
Did you have the house appraised? If I were you I would listen to your attorney.  Have the house listed with an agent and sell it at fair market value. Even if you have to pay the agent at least you know you weren't taken advantage of. Don't be pressured into doing something that may be unfair to YOU!! Have the house appraised and have it listed.  \nI don't think you should trust your ex.\nDon't do him any favors and make it easy for him.  I would walk away from that deal.  No, I think I would run.
113904
You don't have to own property to have a state tax lien. Basically what it means is he has unpaid state income taxes that are past due.  The state will put a "lien" on you which means they can take any federal tax return money you may get, or "attach" any property or income you have coming in the future until the past due taxes have been paid.  They can actually go and attach or garnish your wages until it's paid off too. Since you are his wife, they can garnish your wages too.  Employers tend to get upset with this stuff and in some states can even fire you for it.  I would contact your state tax collection people (you can look in the phone book under "(your state name)_______ State Income Tax")and find out exactly how much you owe.  Usually you can make an arrangement with them to pay it off in payments. As long as it's outstanding, you are getting hit with penalties and interest too, which can turn a relatively small amount into a HUGE debt in a very short time.   Trying to get anything on credit will be next to impossible also with that on your credit report.  The sooner you take care of it, the better!
157947
Call the IRS.  They have a help line for people in your situation, and 4/15 is fast approaching!
91743
If you didn't sign the final closing documents and were not married to him then there is nothing you can be held responsible for.\n\nEven if you filled out some of the first applications you would have needed to sign at closing. Even if you intentionwas to be with him and pay it off together, your intentions at that time do not hold you accountable legally if you didn't sign your name.