In the past, a short sale resulted in a large tax burden to the former homeowner in the amount of the uncollected and forgiven mortgage debt. Some relief for this burden is now found in:
a. The doctrine of estoppel.
b. The Making Home Affordable Program.
c. The Mortgage Forgiveness Debt Relief Act.
d. A loan modification.
c
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When is fraud a ground for annulment?
Fill in the blank(s) with the appropriate word(s).
Which of the following is a disadvantage of a sprinkling trust?
a. Trusts such as these occasionally give rise to lawsuits by beneficiaries who claim the trustee has shown favoritism toward other beneficiaries. b. The trustee may use his considerable power to withhold trust assets from beneficiaries at his sole discretion. c. both a and b d. none of the above
A federal question arises whenever a claim in a civil lawsuit relates to which of the following??
A. A federal law? B. ?A treaty executed by the U.S. government C. ?The U.S. Constitution D. ?All of these choices are correct. E. ?None of these choices is correct.
Which of the following is not considered an administrative expenses?
a. Legal fees b. Court filing fees c. Personal fees d. Appraisal fees