Category: Updates

What are adjacent lots?
updates
What are adjacent lots?

Adjacent lots means parcels with boundary lines that touch at any point. “Adjacent lots” includes parcels that are separated only by a private or public s...

Can a HELOC be forgiven?
updates
Can a HELOC be forgiven?

In many cases, HELOCs that are forgiven or discharged by lenders are reportable as income from cancellation of the debt unless an exception to reporting a...