Not sure what category to put this under.....but anyways.....Our house has been up for short sale for a few months now and we are looking into deed in lieu of foreclosure. We are very leery about what we will have to pay once it is finalized. I know the mortgage company will issue a 1099 for us to pay taxes on it but the mortgage company said we qualify to be exempt from paying any taxes. Has anyone chose this route and if so, what advice can you give?
Asked by Anonymous at 2:06 PM on Jun. 23, 2011 in Money & Work
Answer by Erica_Smerica at 2:17 PM on Jun. 23, 2011
Answer by Anonymous at 2:25 PM on Jun. 23, 2011
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Anyone on CM can share about life changes after a layoff?