Re: CA Forclosure
Posted by kelly on March 25, 2008 at 14:04:37:
In Reply to: CA Forclosure
Posted by Kish on March 23, 2008 at 23:12:17:
The taxes stay with the home- so I would ignore it. As far as the no deficiency- you will probably still receive a 1099 from the lender. When you have your taxes done, you will need to fill in the 982 form. Check the 1099 closely and contact the lender if any of the info is incorrect. I would still file a loss mitigation package and put the home for sale with a qualified realtor specialist. If you show the lender you are trying to help them unload the home you will get to stay longer and for much lower payments, this would be a forbearance agreement. Also the lender may give you "cash for keys" for the deed in lieu. Just a couple things to think about.
Follow Ups:
- Re: CA Forclosure - Kish 07:41:54 03/26/08
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- Re: CA Forclosure - kelly 10:52:35 03/26/08
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