1099-C

Cancellation of debt.

Theory as understood by Rexated: There exists a trust fund accessible to you as a beneficiary of the social security trust with your social security number as the account number. Documents like the 1099-A, 1099-C, among others, allow trustees to access the funds in the trust account. Anyone can act as trustee if they have a trustee relationship to the beneficiary, with or without their knowledge or consent to be a trustee (this part makes no sense to me).

If you have a mortgage you like to discharge or get cancelled.

Chris: "if you call your mortgage holder and tell them they are your trustee and that you are the beneficiary. That it is in the best interest of the beneficiary that they cancel the debt with the 1099-C. They will say it sounds like a good idea."

If they respond that they cannot do that, then comes a 1099-A.

Chris: "Send them a letter and a 1099-A to the CEO of the mortgage company"

Chris: "If they refuse to take payment that way, they better damn well send the 1099-A back to you instead of shredding it"

Chris: "Then you can get them with the Conditional Acceptance. They will not be able to foreclose on the home since they have already been paid or relinquished their ownership."