Short Sale, Foreclosure and Strategic Default

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Sunday, May 27, 2007

IRS kicks homeowners while they're down

More information about what may happen if you negotiate relief with a lender without and eye towards the IRS tax bill. All homeowners must speak with Attorneys about this tax consequence. An attorney may develop facts that can be used to reduce or eliminate the Lenders ability to claim a deficiency.

San Jose Mercury News - Harney: IRS kicks homeowners while they're down

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