Barry Danels
  • Male
  • Fort Lauderdale, FL
  • United States
  • Nevada
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Barry Danels's Discussions

Treatment of IRS 1099C on a 2nd home short sale

Started this discussion. Last reply by Steve Early Dec 6, 2010. 4 Replies

Just received an approval and closing date for a 2nd home short sale w/ a release of deficiency from BofA. Seller now realizes that with the IRS tax implications, they might be on the hook for a…Continue

Absence of "Arms Length Affidavit"

Started this discussion. Last reply by Mia Lutz Nov 4, 2010. 2 Replies

1) If the bank doesn't present an ALA (Arms Length Affidavit) at closing, are the parties liable for any    kind of federal mortgage fraud prosecution if buyer is a distant relative ?2) Is there a…Continue

 

Barry Danels's Page

Profile Information

First Name
Barry
Last Name
Danels
State
Nevada
City
Las Vegas

Barry Danels's Blog

Recontrust (BofA) Auctions Home Were Buyer Is Under Chp.13 Bankruptcy

Posted on September 8, 2010 at 3:33am 0 Comments

Has this happened before to anyone. Seller is in Chp. 13 bankruptcy with an automatic court ordered stay to legally postpone sale. In addition seller has a short sale offer in with Equator, with the BPO done 2 weeks ago.
How do we remedy and have the forclosure rescindered. Property is in LV, Nev.

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