Foreclosures Help Information

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Foreclosure Help Government

Question: Can a government steps in to help mortgage borrowers from foreclosure actions?

In Malaysia, Mortgage borrowers are allowed to withdraw part of their Employment Provident Fund which is a government agency to pay for their instalments arrears.
Sorry, I am referring to UK mortgage borrowers

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Answer: You did not say where you are from, also in the U.S.A you can get loans from private institutions that sell mortgage back securities and also from banks and fha loans that are backed by the government.

My point is you should provide more information, and I am not an expert by any means

Foreclosure Help : How Can the Government Help You Stop Foreclosure?

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Government Tax Foreclosure Homes For Sale

Question: Is an individuals income "personal property" (not taxable) and is the 16th amendment abused by the IRS.

The 16th Amendment reads:

The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration.

The Supreme Court defines "income tax", as an excise tax "imposed with respect to the doing of business in corporate form".

With tax on property, gas, sales, heating, communications, cable, auto registration, inheritance, lottery winnings, capitol gains, home sales, home buying and even foreclosure the government is completely over taxing like never before.

Question is, if the federal reserve bank is privately owned by anonymous individuals and corperations, why am I sending my money away without there being an accounting of how the tax collected is spent?

Isn't this taxation without representation?

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Answer: There has been a few cases where it was determined that the IRS could not provide the actual law that requires you to pay federal income tax.

See the film Freedom to fascism (On google video) where one is ruled on in favor of the defendant specifically because the IRS did not provide the legal president. There are also several Supreme court cases sited at the Cornell law library that have a baring on this hypothesis.

Most Americans wouldn't try this because of the IRS's very aggressive seizure and prosecution policy, but there very well could be a reason they operate with such disregard. They use the ultimate big stick approach in hopes of bullying the citizens into submission and compliance.

Even the police force doesn't use such tactics on criminals. The FBI even fears the IRS.

Real Estate Tax Sale

Government Tax Foreclosure Homes

Tax foreclosure homes on sale, may seem like an investment only for people looking at second homes. However, you would be surprised at the bargain deals that you can find in areas like Los Angeles and Florida where families from all over the US look forward to spending their vacations

Why Tax Foreclosure Homes Are a Great Investment
Vacation homes might seem extravagant in these times of recession; however with a smart investment proposition tax foreclosure homes on sale, can be one of the best buys in today's real estate market. When you're done with your vacation, you can actually rent out the tax foreclosure homes on sale and contribute to your mortgage payments through the rental income.
Many homeowners ignore the payments due to the IRS, and as the tax liens on their mortgages amount to a substantial value the IRS is forced to repossess the properties and sell them off to mitigate their losses. In this case the government becomes the new owner of the property, and tries to dispose off tax foreclosure homes on sale as urgently as it can in order to ovoid spending thousands of dollars in maintaining these properties while waiting for a good bargain to come their way.

Plan Before You Buy
Before you consider purchasing tax foreclosure homes on sale, make sure you have figured out what budget you can afford. The market conditions may be favorable but if you do not make the payments you might end up having your home repossessed also. With the unbelievably low asking prices and a decline in property value of up to 40% from the previous value, you're sure to find something that meets your budget requirements. For the first time in many years it is a buyers market and investing in real estate is a sure short way of securing return on equity.

About the Author:

Joseph Smith has been educating buyers on the finer points of tax">http://www.foreclosurehomesonsale.com/”">tax foreclosed homes on sale at ForeclosureHomesOnSale.com for over five years.

Article Source: ArticlesBase.com - Tax Foreclosure Homes on Sale

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