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

Posted by steele in minnesota on April 29, 2008 at 09:44:03:

In Reply to: Re: 1099 issued for Short Sale and Deed in Lieu? posted by Kish on April 29, 2008 at 09:35:58:

If a 1099 is issued it should work the same regardless of D-I-L or shortsale. You are right in there being less of a hassle in doing the former. At least from a selling standpoint.

Of course, the bank has to accept the D-I-L. And there could be conditions for doing so.

At this point I would pursue all options that I have.

Best of luck.

Steele

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