Mark Hildreth

Mark Hildreth

Shumaker, Loop & Kendrick, LLP

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Banks Not Required to Capitalize OREO Costs

The Office of the Chief Counsel of the Internal Revenue Service has issued a Legal Memorandum (Number AM2013-001, dated March 1, 2013) (the “Memorandum”), which has important implications and represents a victory for lenders...more

3/11/2013 - Capitalized Cost Deed-in-Lieu of Foreclosure Foreclosure IRS Mortgages OREO Properties

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