Posted on: 11th Jun, 2009 03:23 pm
what am i liable for after walking away from a home upside down or uner water/ and what would my tax liability be?
peepspals
Welcoem to the forum
Probably after you walk out, the lender will forclose on your property and it will surely will have a impact on your credit report
The lender may send you a form 1099-c fordeficient amount and due to the current law, you are not laible for any taxes on that amount
Good luck and feel free to aks
Welcoem to the forum
Probably after you walk out, the lender will forclose on your property and it will surely will have a impact on your credit report
The lender may send you a form 1099-c fordeficient amount and due to the current law, you are not laible for any taxes on that amount
Good luck and feel free to aks
i think do not provide chance to lender to forclose property.
Mr Sunil87020
Can you tell the guest how can they can they do that
Can you tell the guest how can they can they do that