Comments on: April 26 roundup https://www.overlawyered.com/2011/04/april-26-roundup/ Chronicling the high cost of our legal system Thu, 12 May 2011 12:19:31 +0000 hourly 1 By: May 12 roundup https://www.overlawyered.com/2011/04/april-26-roundup/comment-page-1/#comment-120420 Thu, 12 May 2011 12:19:31 +0000 http://overlawyered.com/?p=22714#comment-120420 […] Calif.: “64% of Prop 65 settlements go to attorneys’ fees” [CJAC, earlier] […]

]]> By: robert https://www.overlawyered.com/2011/04/april-26-roundup/comment-page-1/#comment-119124 Thu, 28 Apr 2011 05:27:45 +0000 http://overlawyered.com/?p=22714#comment-119124 gasman, in an absolutely disgusting trillion dollar middle class tax break, income tax on forgiven mortgage debt is not collected. Bush signed this outrage into law. I think it was called The Deadbeat Specuvestor’s Tax Relief Act.

]]> By: gasman https://www.overlawyered.com/2011/04/april-26-roundup/comment-page-1/#comment-119110 Wed, 27 Apr 2011 18:43:52 +0000 http://overlawyered.com/?p=22714#comment-119110 So will the forgiven debt be charged to the homeowner as income as it should be?
In that case the last laugh could be on him, as he would need to come up with cash to pay his income tax on the $72,000 windfall.

]]> By: Aaron Worthing https://www.overlawyered.com/2011/04/april-26-roundup/comment-page-1/#comment-119073 Tue, 26 Apr 2011 20:02:45 +0000 http://overlawyered.com/?p=22714#comment-119073 fyi, cited you here.

http://patterico.com/2011/04/26/inevitable-the-apple-class-action-suit-has-begun/

]]> By: marco73 https://www.overlawyered.com/2011/04/april-26-roundup/comment-page-1/#comment-119066 Tue, 26 Apr 2011 15:30:52 +0000 http://overlawyered.com/?p=22714#comment-119066 RE the foreclosure in Florida that left the homeowner free and clear. Be careful what you wish for. If that homeowner tries to just scrape and paint over the mold in the house, he’s in for a big surprise. I can’t imagine any mortgage company lending a dime on a property that has been described in court and in the media as having mold. Just an inspection then remediation of mold is going to consume any potential profits, if you can find a sucker willing to buy a 2/1 with no A/C in Florida.

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