Re: 1099 issued for Short Sale and Deed in Lieu?

Posted by NJD on April 26, 2008 at 06:12:49:

In Reply to: 1099 issued for Short Sale and Deed in Lieu? posted by Kish on April 25, 2008 at 18:33:12:

I can't answer your question as to which option is better for you. I can tell you that a lender will only do/recommend what is in its best financial interest. Unless there is equity in the property, few lenders want a DIL. All lenders are striving to maximize their net recovery on non performing assets.

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