Krystal Lee Whaley
  • Female
  • Sevierville,TN
  • United States
  • TN
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Short Sale of Deceased....

Started this discussion. Last reply by Krystal Lee Whaley Mar 14, 2011. 7 Replies

In California...I am getting more and more of these. I have one trickier than normal......the wife is a survivor on the title, but not on the Bank Loan. The husband whom is deceased is the only one…Continue

 

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First Name
Krystal
Last Name
Whaley
Are you a...
Agent
State
TN
City
Sevierville
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Short Sale Expert ...Agents Referrals Welcome.

Krystal Lee Whaley's Blog

Short Sale and the 1031 Exchange

Posted on May 2, 2012 at 11:01am 0 Comments

 Cannot seem to get a direct answer on this. Anyone done one of these?

If a client bought a home through a 1031 exchange a few years ago and is now short selling the home.....Are they still eligible to use the Mortgage Debt Relief Act and get out of the Income Taxes on the deficiency?

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