Question by careful grl: What is the HAFA program for short sales and why is it called “Cash For Walkers”?
Is it true the government is actually paying people to walk away from their mortgage or do a short sale to get out of their home? Is it a good idea and will it work? Thanks!
Best answer:
Answer by My Take on It
They are not paying individuals
I believe they are paying the banks to shorten the process of short sales.
What do you think? Answer below!
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Question by Sweethoney: I plan on filing income taxes for 2007 year?
if you owe loans to like check n go places and credit cards will they take your income tax check?
Best answer:
Answer by Serge M
If you mean will creditors take your income tax refund, approved they can do so only after proper legal procedures. They would have to have a judgment against you for your debts and may be able to use it to claim your tax refund to satisfy the debt.
Know better? Leave your own answer in the comments!
No, commercial creditors can NOT attach your tax refund. EVER!
Your tax refund can only be attached for debts to the government (including back taxes), unpaid government-backed student loans, or child support that is in arrears.
That said, if you have commercial debts and the creditors get a judgment against you they may be able to capture funds from any bank accounts that you have as well as garnish your wages in some states. If they attach your bank account, as soon as your tax refund hit the bank it could be subject to seizure at that point.
No, your tax refund would only be seized for certain debts such as overdue student loans, overdue child support, or government debts like for example back taxes.