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Oh Shoot!  I Cannot Believe I am doing this!

Okay, I just ran across this and just HAD to share it (because I am an idiot, I suppose)

Are you one of those people who bought a first home and got a $7500 credit?  One of the people paying it back $500 a year as part of your tax bill?  If you are and if you lost that home through foreclosure or through the destruction of the house, then there may be a form you need to check out.  It is form 5405 and it allows you to get out of rest of that debt IF you lost the house through foreclosure, condemnation, or destruction of the home.  The form looks intense, but it could save you $7000.  If you were in the path of a tornado, not-so-perfect storm, or other natural disaster, Check This Out.

I don't know any more about this than what I have put here.  I saw it and thought it was interesting and might possibly save someone some money.  I am on my third house in 40 years, so obviously I will not be filling this form out.  Good Luck!  

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