I had a mortgage and an equity loan on my house. I sold my house for less than what I had to banks.?
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My first mortgage and repayment of the loan to equity, I paid some money, and they closed the account. I need to know how I file my taxes. The accountant told me that I have a 1099C form and the bank is that the 1098 I
Have you ASKED the HELOC lender?
A 1099C is only issued after the balance on the loan is forgiven.
It may show up years later and not necessarily in the year that the house was sold.
I agree that you should call the bank and see what happened to the balance owed.
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Wayne Z is absolutey correct.
To become a top mortgage company, finance and its management are not the only things required. History indicates that innovation is the prime driving force in leading a mortgage company to the top.
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A case in point is Citigroup, considered by many pundits to be the leading mortgage company worldwide today. Citigroup developed its roots in America – it has been functioning since 1970 – but has spread throughout the world in the last decade. It operates in 54 countries outside the US today, making most of its revenue from virgin territories; i.e. countries that have never considered mortgages as financial options before. Currently it has assets of $ 1.3 trillion, and its revenue last year was $ 108 billion. Citigroup leads the Forbes list of 2005 mortgage companies.
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