Real estate blog entries tagged with 1099 by Jax Coast Realty, Inc

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Home : Blogs : Steven Leitman : Steven Leitman's Blog : Tag "1099"

1099: Short Sale Tip - 11/15/07 08:29 AM

This past weekend, I read two articles on short sales in our local paper. One crucial point that was not mentioned is that upon the conclusion of the short sale the lender can still pursue a deficiency judgment against the home owner or issue a 1099 to the home owner for the amount of loss suffered by the lender. If you are negotiating a short sale make sure to obtain a wirtten agreement from the lender waiving their right to a deficiency judgment or issuance of a 1099 Not all lenders will agree but it doesn't hurt to ask. … (7 comments)

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Steven Leitman

Jacksonville, FL

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Jax Coast Realty, Inc

Address: 252 3rd Street, Neptune Beach, Fl, 32266

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November 2007 (1)

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