Just because you’re experiencing a Gulf Shores home foreclosure, it is not necessarily reason for you to also file bankruptcy. The government has extended the rule that excludes you from paying income tax on money owed to a mortgage lender, but only for one more year – through 2014.
Check out our other articles and tips pertaining to a Gulf Shores home foreclosure and other mortgage related articles by clicking on the Gulf Shores Mortgage Info link to your right under Gulf Shores Real Estate Categories.