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

Posted by Kish on May 09, 2008 at 05:55:14:

In Reply to: Re: 1099 issued for Short Sale and Deed in Lieu? posted by Kish on May 02, 2008 at 13:40:14:

Hello, I am still waiting on the bank for the final terms of DIL. While at it, I have a buyer that is interested in buying my house, if priced right, which is 180K less than what I owe. Even if they do DIL, they wont get more than that when the bank try to sell it. Which option do you think to better? Should I talk to talk about short sale? Is my liability same on whichever way I go? I have an appointment with Tax CPA next week. But, want to see what our experts say.
Thank you.

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