Most people don't know the tax and legal aspects of a foreclosure or short sale. You MAY want or NEED to consult professional advisors. One great resource is the IRS. You can call them at 1-800-829-1040 and visit them online at http://www.IRS.gov
A second option is a prepaid legal plan. Pre-paid legal recently had a news release that explains how their service may benefit homeowners who are in distress and facing a foreclosure. We sell the PPD Pre-Paid Legal service plan at our website https://www.prepaidlegal.com/Multisite/Multisite?site=hub&assoc=mazzara
You probably want to look at the family plans unless you are a small business. You can visit the site, watch the video, and learn more. I not only sell the plan, I am also a user of the plan. I think PPD is great based on my own personal experience. I have called upon them to answer questions and they have been of assistance over the years. If you have questions that aren't answered online, call me.
Read the news release here:
http://www.prnewswire.com/news-releases/legal-service-plans-can-benefit-homeowners-facing-foreclosure-70452157.html
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