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One out of every 611 houses received foreclosure paperwork in July 2011. Foreclosures happen when homeowners fall behind on mortgage payments. The length of time varies by state and sometimes even by city or county. Areas with a high concentration of foreclosures sometimes take longer to file foreclosures because they are busy with existing cases.
Resolving past due income taxes is often challenging. Some taxpayers worsen their predicament by making mistakes in the process. If you owe a small amount, you are better off paying it immediately to avoid incurring additional penalties and interest. If you owe a substantial amount of delinquent taxes, you should consider hiring a tax lawyer.
Debtors filing for bankruptcy can sometimes discharge tax debts as a result, says Los Angeles attorney Mark J. Markus. However, doing so can be a tricky proposition because it depends partly on the types of taxes and the constantly changing laws. Markus recommends getting an attorney and asking questions because the laws can be complicated for even an attorney to navigate.
