Call this home loan the last resort, not a ticket to a resort

Call this home loan the last resort, not a ticket to a resort Seniors don’t have to look farther than the TV or their own mailboxes to find somebody selling a way to dig out of trouble, or foreclosure, with a reverse mortgage. And the marketing is going to get more intense. Big players like …

Forgiven debt still might haunt you as taxable income

Forgiven debt still might haunt you as taxable income Canceled debt in many cases is considered income — taxable income. And if a creditor forgives thousands of dollars of debt, you can find yourself whacked by a big tax bill. And that is not the only consequence. Forgiven debt can raise your income to the …