Slide 1 1 NTTC TRAINING 2008 FORECLOSURE& MORTGAGE DEBT FORGIVENES WHAT ARE THEY? WHY ARE WE CONCERNED? IRS Pub 4702 IRS Pub 970 Slide 2 2 NTTC TRAINING 2008 DEFINITIONS…
FORECLOSURE & MORTGAGE DEBT FORGIVENESS WHAT ARE THEY? WHY ARE WE CONCERNED? IRS Pub 4702 IRS Pub 970 DEFINITIONS Foreclosure: Takeover of property by lender, court process…