Does anyone know if there is a way to find out if a bank will waive the difference on a balance owed from a short sale? Are there any banks that absolutely will not waive it and send a client a 1099?
You need to be a member of Short Sale Superstars to add comments!
Wisconsin November 2014 Housing Statistics
Posted by Michael Collins, CDPE, SFR on December 26, 2014 at 8:47am
Best Quote I Have Ever Heard to Tell Regular Agents
Posted by Melissa Polce on December 8, 2014 at 5:40am
Short Sale - AltiSource - HubZu and Ocwen Partnership Wrought with Fraud
Posted by Stephanie Anson on August 13, 2013 at 6:30pm
Short Sale Agent Training 13+ Hours Of Training - $197
Posted by Bryant Tutas on February 15, 2010 at 11:00am
Blog Topics by Tags
- short (550)
- sale (501)
- Short (205)
- sales (188)
- Sale (157)
- estate (156)
- real (153)
- foreclosure (130)
- agent (123)
- specialist (107)
Monthly Archives
2023
- March (1)
- February (1)
2022
- December (1)
- September (1)
- March (1)
2021
- August (1)
- February (1)
2020
- April (1)
2019
- October (1)
- July (1)
2018
- August (1)
- April (1)
- January (1)
2017
- October (1)
- September (1)
- July (2)
- June (1)
- April (1)
- February (1)
- January (1)
2016
- December (2)
- September (1)
- August (2)
- July (1)
- June (1)
- May (1)
- April (2)
- February (3)
- January (1)
2015
- November (1)
- October (2)
- May (3)
- April (4)
- March (8)
- February (5)
- January (8)
2014
- December (7)
- November (3)
- October (8)
- September (10)
- August (11)
- July (10)
- June (14)
- May (14)
- April (7)
- March (14)
- February (17)
- January (23)
2013
- December (21)
- November (29)
- October (18)
- September (20)
- August (19)
- July (27)
- June (31)
- May (20)
- April (36)
- March (41)
- February (33)
- January (60)
2012
- December (32)
- November (34)
- October (39)
- September (66)
- August (41)
- July (65)
- June (45)
- May (40)
- April (34)
- March (40)
- February (41)
- January (30)
2011
- December (44)
- November (33)
- October (45)
- September (46)
- August (41)
- July (62)
- June (32)
- May (47)
- April (35)
- March (58)
- February (50)
- January (51)
2010
- December (34)
- November (42)
- October (36)
- September (46)
- August (26)
- July (41)
- June (20)
- May (25)
- April (26)
- March (34)
- February (23)
- January (46)
2009
- December (21)
- November (20)
- October (23)
- September (6)
- August (10)
- July (15)
- June (5)
**********************************
like buttons
Comments
Must waive now. You will get a 1099 regardless. A short sale is a taxable event. It has nothing to do with the lender waiving the deficiency. You may not owe any taxes though. speak to a tax professional.