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Foreclosures
As for the tax part of short sale you do not have to pay taxes on what gets ... This generally results in the home owner being given a 1099 for the loss. ...ANSWERS
See all- Walking away means that you allow the lender to foreclose on your home and YES it does have consequences! It's not easy, it's stressful and To have your home foreclo...
- When a homeowner "walks away" from their home....it simply means that they are moving out of their home and letting the bank have it. Unfortunately, we find ourselves...
- B. ~ "Walking away" means that you just stop paying on your mortgage and let the home go into foreclosure. Yes, it affects their credit history for anywhere from 2 t...