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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (171712)	12/16/2008 2:19:37 PM
From: John Chen	Read Replies (2) \| Respond to of 306849

" the little guy will have zero faith in wall street and the government including the next administration". That's pretty true already. But what can the little guy do?

To: Jim McMannis who wrote (171712)	12/16/2008 3:52:17 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 306849

Ho hum...another day and another butt reaming for the honest and prudent. IRS to help homeowners refinance or sell homes 1 hr 24 mins ago WASHINGTON – The Internal Revenue Service said Tuesday it will try to make it easier for homeowners in financial straits to refinance or sell their homes. The plan announced by IRS Commissioner Doug Shulman would speed up a process where financially distressed homeowners may request that a federal tax lien be made secondary to liens by the lending institution that is refinancing or restructuring a loan. Taxpayers will also be able to ask the IRS to discharge, or remove, its claim to a property in certain circumstances where the property is being sold for less than the amount of the mortgage lien. "We need to ensure that we balance our responsibility to enforce the law with the economic realities facing many American citizens today," Shulman said, stressing that "we don't want the IRS to be a barrier to people saving or selling their homes." news.yahoo.com