How will a Deed In Lieu vs. a foreclosure affect my taxes in CA? - california tax deed sales
I tried a short sale () no luck and now I'm trying to get approved for a certificate instead. I am paying for 4 months in arrears.
My question is how to replace the tax as touches me in California to act and not go into foreclosure? Should I even try to replace the font, or I go into foreclosure?
Monday, January 18, 2010
California Tax Deed Sales How Will A Deed In Lieu Vs. A Foreclosure Affect My Taxes In CA?
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2 comments:
I think this fall under the Mortgage Forgiveness Act that President Bush signed a law that says you are forgiven if the income gap has been lost / left his country in the years 2008-2010. It is to those already in financial difficulties to feel even more with a tax liability of $ 18,000. Good luck!
You have to pay taxes on a portion of the loan is forgiven in any case. The bankruptcy is the only way to avoid them. The act instead of reaping enormous benefits the lender, which saves time and expense of a formal exclusion. So unless you have not heard any advantage to you because the bank after you for any additional money or not, to explain their failure to credit information company, so I do not know why the house voluntarily sign.
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