Posted on: 16th Oct, 2013 02:25 am
Hello there... We will be going through a VA short sale. I need to know if we have to pay taxes on the difference between sale price and mortgage amount. Please help!
Hi Casseie,
It will solely depend upon the lender whether or not they will ask for the deficient amount. You will have to negotiate with the lender well in order to avoid this situation.
Take care
It will solely depend upon the lender whether or not they will ask for the deficient amount. You will have to negotiate with the lender well in order to avoid this situation.
Take care
Welcome Casseie,
There is a chance that you may have to pay the balance amount to the lender. However, if you can negotiate well, then you will be able to get the deficient balance forgiven.
There is a chance that you may have to pay the balance amount to the lender. However, if you can negotiate well, then you will be able to get the deficient balance forgiven.