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A comment on Mortgage rates have been rising at a pace not seen in almost 50 years. Parent comment

Re:Mortgage rates have been rising at a pace not seen in alm... by DrScump on Friday May 25, 2018 @01:40AM (#17150906)
Exactly. That's how the "mortgage crisis" happened.

In such cases, "forgiven" debt is taxable as regular income in that year, which adds another layer of problems.

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Re:Mortgage rates have been rising at a pace not seen in alm... by sjg007 on Friday May 25, 2018 @09:00AM (#17153204)
Yeah that is how they really get you.. They want their pound of flesh..
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