Erik and Renee Sundquist have won their eight year long battle with Bank of America illegally foreclosing on their home, reaching a $6M settlement. Oppenheim Law shares more here.

When it can be put against your tax bill.. out that banks are also too big to tax:. corrected to fix the calculation of the effective cost of Bank of America’s settlement to $12.4 billion.

Exploding population sends rents soaring in Dallas The three officers from Carrollton Texas Police Department, northwest of Dallas, arrived on the scene to investigate a ‘loud party complaint’. At first the three responding Carrollton Police.

This website provides information on the joint state and federal settlements involving residential mortgage foreclosures and loan servicing. For information about the settlement for which you may be eligible, begin by locating your Mortgage Servicer – the entity to which you sent your monthly Mortgage Payments up until your foreclosure – from the list below, or clicking on the name of the.

10 homeowner tax breaks you should be taking advantage of. but some things on your settlement document that might look like taxes really aren’t, says McBride. You can’t write off your.

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A: The tax consequences of payments received under the National Mortgage settlement (NMS) depend on the unique facts and circumstances of each individual borrower. The NMS Monitoring Committee proactively sought a ruling from the IRS to provide guidance regarding the taxable status of these payments.

To mitigate losses suffered by homeowners victimized by deceptive practices during the mortgage and foreclosure crisis, the Attorney General obtained broad-ranging settlements from three major banks in 2013 and 2014. The settlements were with Bank of America, Citibank and JPMorgan Chase & Co. and related to their packaging, marketing, sale, and issuance of residential mortgage backed securities.

Huge tax bill for homeowners who receive BofA settlement? There could be a huge tax bill coming for borrowers that accept relief as part of the $16.65 billion settlement between Bank of America and the U.S. Department of Justice. Mortgage Fraud Victims shared a link.

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She has received national acclaim for her tenacious negotiating during the settlement. Bank of America Corp., Wells Fargo & Co. and JPMorgan Chase & Co. The three banks agreed to provide $12.

Bank of America and the Department of Justice are near a 16 to 17 billion dollar settlement, the largest agreement between the government and a single company.

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