Debt
Date: Thu, 11/04/2010 - 11:03
I had bought a house back in 2008, and took the $7,500 loan from the IRS. A little over a year later, I lost my home because of a cut in pay at my place of employment. I received a letter the other day from the IRS, stating that I was to pay $500 a year for 15 years to pay it back. But, if it was found that I no longer lived in that home, I may have to pay back the $7,500 in one lump sum. I do not have $7,500 laying around. I can barely pay the bills I have now. Is there a solution?
IRS as a lender? Or was this a HUD loan? They will probably en
IRS as a lender? Or was this a HUD loan?
They will probably end up doing tax offsets.
