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Are there tax consequences in with a foreclosure?

Tax consequences and future ramifications are always a concern. Although I do not give legal advice, our Preforeclosure Coaching online explains the general concept to the four main areas that could affect a home owner. See the video on Taxes.

Remember, investment properties are treated differently than your personal residence and with some clarification you will be able to determine what applies to you. You may qualify for insolvency to solve your tax problem. Please be advised that your should review this information with your tax professional as to your individual circumstances. I have no knowedge of your past investment tax strategies.

Be sure to watch the pre-foreclosure videos, so that you will know your options, the timeline, and some strategies for solving the problem. If you want a short sale we have “Stress Free Selling”.

Please call Mary Ellen Wilson, broker (Lic # 01487433) or email to get the links to the videos now: 877-267-2514 x7, rabusfin@yahoo.com, wem2529@yahoo.com.

By your pro-active approach to this pre-foreclosure situation you will not just survive; You Will Thrive

 

 

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Mary Ellen Wilson

San Diego, CA

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Expert Home Auctions International

Address: 3944 Murphy Canyon Rd. #C103, San Diego, CA, 92123

Office Phone: (858) 752-6060

Cell Phone: (619) 261-6459

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