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oh yeah here comes the real consequence hammer.
http://www.youtube.com/embed/jOTQBl3eUs0&feature=player_embedded
« First « Previous Comments 47 - 47 of 47 Search these comments
http://www.ftb.ca.gov/aboutFTB/newsroom/Mortgage_Debt_Relief_Law.shtml
December 31st, 2012, the Mortgage Debt Relief Law expires. All of you deadbeats that walked away from your mortgage obligations will get your just due. Why do you think the banks have been stalling on foreclosing? They are waiting for the IRS to give you the shaft. Income over 100k is taxed at the 35% tax bracket. Housing peaked in California at a median average of 484k, now the median average is 244k. That's an 84k median tax bill that will be coming due in 2014, hope you saved all your pennies you dead beats.
#housing