Halpern Law Firm PLC
1264 Timberlane Road
Tallahassee, Florida 32308

 Phone  850-727-5610
Fax        850-807-2587

Mailing Address
P.O. Box 180476
Tallahassee, Florida 32318

Or use our contact form.
Business hours
M-F 9-5:30 By Appt. 

 Halpern Law Firm, PLC               Phone: 850-727-5610
                                                    Attorney & Counselor At Law

Resources and Links

Halpern Law firm is proud to offer the following resources:

Property Price Calculator
Monthly payment you can afford:
Cash available for down payment and closing costs:
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Term of mortgage loan:
Closing costs (as % of home purchase price):
Estimated annual homeowner's & mortgage insurance & property taxes (as annual % of home sales price):
Approximate price of house:

Loan Calculator
Amount of Loan:
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Term of Loan:
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Federal Mortgage Debt Forgiveness Tax Relief Act of 2007 (applicable until 12/31/12), you will not need to pay any income tax on canceled debt (which is the unpaid loan balance that is forgiven by lender) resulting from a foreclosure, short sale or deed in lieu of foreclosure if you as the borrower satisfy certain conditions for mortgage tax relief (e.g., principal residence, owned for at least 2 years, debt amount of $2 million or less).  However, the Mortgage Debt Forgiveness Tax Relief Act of 2007 does not apply if the property is not a "principal residence".  IRS Code section 121 defines "principal residence" as: ". . . during the 5-year period ending on the date of the sale or exchange, such property has been owned and used by the taxpayer as the taxpayer's principal residence for periods aggregating 2 years or more. " 

Forgiveness of a non-recourse loan resulting from a foreclosure or short sale does not result in cancellation of debt income (even if the property is not a principal residence). However, it may result in other tax consequences, for example, if there is reportable gain from the disposition of the home. 

Information on Debt Forgiveness, 1099-A, and 1099-C, consider: 



and, also consider, IRS Publication 4681: 


Florida Attorney General Warning about Mortgage Fraud:


Documents relating to the government’s settlement with the nation’s 5 biggest lenders have now been filed in the courts and are available for viewing online.

National Settlement Mortgage Settlement Information

If you believe you are eligible for financial relief through this settlement, please click on the website the US government has set up specifically for information on the settlement,  nationalforeclosuresettlement.com to learn more.

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