Browsing the archives for the 1099 tag

Disclosure and the Deficiency Judgment in a Short Sale Transaction

Another new article in CNN today discusses one of the big potential downsides to the homeowner in a short sale transaction – the handling of the deficiency judgment. As always, disclosure is so important – the homeowner absolutely needs to know what is going on with the written-off portion of the mortgage. Normally, for a [...]

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