Re: foreclosure auction help
Posted by steele in minnesota on December 27, 2007 at 18:27:01:
In Reply to: Re: foreclosure auction help
Posted by Don Levy on December 26, 2007 at 22:27:12: "One thing to remember in a short sale no matter where you live is that the difference between the loan amount and what you sell it for is income in the IRS eyes and has to be declared. Too late for a deed in lieu."
Did you miss the latest on this? Gee, we were just debating it last week. No tax on residences for the time being for forgiven debt.
Though it seems I did mention that people would miss this news :>)
Follow Ups:
- Re: foreclosure auction help (url) - Don Levy 22:31:45 12/27/07
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- Re: foreclosure auction help - steele in minnesota 22:54:53 12/27/07
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- Re: foreclosure auction help - Louis A Kalorin 11:49:21 12/30/07
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- Re: foreclosure auction help - steele in minnesota 07:03:09 12/31/07
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