Some the investors are faced with the prospect of a short sale or a lender's foreclosure. The investors in
this situation have a multitude of concerns ranging from the loss of the equity invested in their property
to a reduced credit rating. Unfortunately, there is often another consequence: the short sale or lender's
foreclosure can sometimes result in an income tax gain that must be recognized. This is especially true
where the investment property was originally acquired in a §1031 tax deferred exchange.
Click on the link below to learn more.
http://www.apiexchange.com/articles/pdf/1031%20Exchange%20in%20a%20Foreclosure%20(122).pdf
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