VA Debt tax forgiveness

Too many missing factors to properly advise you.. , but in general, currently the IRS has the "The Mortgage Forgiveness Debt Relief Act and Debt Cancellation" which is valid through December 31, 2013. If your selling your primary residence, and the loan is the same loan you took out when you purchased the home, or you did a "rate and term" refinance, but you did not do a "Cash Out" refinance, then it's possible you would not be subject to taxes on the phantom income. Your accountant/CPA who is familiar with your entire scenario would have a better idea of your liability. If you'd like to read the details of this program yourself, here's the link.. http://www.irs.gov/Individuals/The-Mortgage-Forgiveness-Debt-Relief-Act-and-Debt-Cancellation- I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

More Specific. We can refinance your VA.. I doubt there will be any forgiveness because that is the purpose of the Va funding fee.. The Va has to pay the loss if a loss occurs. call me if you have questions Craig 954 558 4430 Nmls 268694

I'm not sure what you are asking here. Can you be a bit more specific?

Yes, we would need more information to give you better answers. Are you asking about if your VA loan qualifies under the Mortgage Forgiveness ACT???? Or if you are exempt from paying property tax??? Ralph Guertin 954-274-7725 or email at Ralph@absolutelowrates.com

Can you please elaborate on your question?