Received letter in place of 1099-C.....have question
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Posted by basketlady
(208.157.116.253) on February 11, 2003 at 12:04:31:
Can anyone tell me the significance of receiving a letter from my mortgage lender that says, "this letter is being sent in place of a 1099-c". It shows the interest I paid on the mortgage loan for this past year. To make a long story short....I bought my first house in Mar, 2002, moved in Apr 2002. Found out within first 2 days of possession that I bought a home with $17,000 in black mold damage. Moved out immediately. Only made one mortgage payment. Mortgage company immediately stopped sending me my monthly payment statements, but the house is now in foreclosure. I have already filed my taxes and received my refund. Do I need to file an ammended return? What will this 1099-C do to my taxes? Will I owe a huge amount of money? Interest reported on the letter that was in place of the 1099-C was $700 something. Total amount of loan was $76,000. Thank you.
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