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Received a 1099 without foreclosure dated May 2012. My name is still on as titled owner. Do I still own the house after a non-foreclosure foregiveness of debt from the mortgage company?
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No one could know what you did. Usually, when debt is foregiven, you deed the property to the bank, and do not own it. Check with the county clerk and the property records.
Answered on Mar 24th, 2013 at 9:32 AM