Re: and ...

Posted by NJD on December 22, 2007 at 10:08:29:

In Reply to: unless... posted by NJD on December 22, 2007 at 10:04:05:

Those insolvent owner occupants who were selling short
really didn't have tax consequences, anyway.

The passage of The Act doesn't imply there will be a free ride for those who are solvent and sell short. The lenders can simply demand cash at closing, or, for the borrower to remain liable for the debt post closing.

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