Foreclosure or Short Sale: Tax owed to the IRS and Franchise Tax Board

Posted on October 5th, 2009 by admin

If a lender forecloses on my principal residence or agrees to a short sale, will I owe tax on the deficiency?
Generally, when there is either a foreclosure or a short sale a taxpayer will receive either (in some cases the lender may issue both) a federal Form 1099-A, Acquisition or Abandonment of Secured Property, or [...]

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60 Minutes feature “House of Cards”

Posted on January 27th, 2008 by dlangley

I am providing a link to the 60 Minutes report on foreclosures since there is a lot of talk about it. The video segment is about Stockton in California’s Central Valley. The Bay Area is quite a different market and if you would like more detailed information about that, please contact me
Note: A short commercial [...]

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