Is there a tax advantage to foreclosure over short sale - deficiency applies

I have an investor owned property listed. Is there a tax advantage to the seller in letting the property go through foreclosure vs. short sale - if deficiency language is not removed? Thanks for the help!

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Replies to This Discussion

Permalink Reply by Terry L. Osburn on May 30, 2010 at 3:30am

Your seller needs to seek the advice of a real estate tax attorney and/or CPA....

Permalink Reply by P Nicolas Velecico on August 28, 2012 at 4:32pm

depends on the state

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