Short sale tax consequences

[ Follow Ups ] [ Post Followup ] [ CREOnline Legal Forum ]


Posted by Winston Holmes on October 13, 2009 at 19:24:58:

Hello;
I had a question on short sales, do you know if a law was passed about 2 years ago preventing the banks from filing a lien against you for the deficiency, so there would be no 1099 filed with the IRS for phantom income.

Appreciate any information.

Follow Ups:



Post a Followup

Name    : 
E-Mail  : 
Subject : 
Comments:


[ Follow Ups ] [ Post Followup ] [ CREOnline Legal Forum ]

CRE Online, Inc. © 2007, All Rights Reserved.
creonline.com