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Thanks so much for the information.  I had some basic grasp, but this outlined it perfectly for me....
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StartingOver10 wrote: Look at form 982 at IRS dot gov - I've seen that, but I'm not sure ho...
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grassfeeder wrote: Yestac wrote: We have a 2nd mortgage that was dischagred in bankruptcy. ...
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We have a 2nd mortgage that was dischagred in bankruptcy.  Now the lender has offered a settlement ...
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