One of the most common questions we receive from homeowners in default is "will I have to pay taxes after a short sale or foreclosure?"... When a short sale or foreclosure takes place and the lender writes off the remaining balance, they will send a 1099 to the homeowner. Whether taxes will be paid or not depends on a few different items.
Please take a look at our full write up on our website or blog. There is much more informatino on Short Sale Taxes and Foreclosure Taxes from our website, or view our blog on Taxes after a short sale HERE.
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