Articles Comments

Debt Relief – Insolvency – Bankruptcy Information » Foreclosure Help » Real Estate Marketing – Taxes on Short Sale, Loan Modification and Foreclosure – Part 6

Real Estate Marketing – Taxes on Short Sale, Loan Modification and Foreclosure – Part 6


realestatemarketingthisweek.com – Real Estate Marketing – Arizona is not a recourse state, so chances are you will not owe 1099 C Income – Produced by Dan Havey of Real Estate Marketing This Week Part 6 – In Arizona, typically its not a recourse state, so if they are telling you that theyre going to garnish your wages because you didnt pay back your entire mortgage, there is a local bank ,that was threatening a very good colleague of ours about a small second mortgage that person had taken out. Threatening to send it to collections and garnish her wages. It simply isn’t going to happen. But nevertheless, there is still the tax implications that apply, if you need to navigate through this maze. There is a lot to it, you need to protect yourself. You talked about bankruptcy is one of those exclusions, right? One of the problems with bankruptcy is people dont understand the bankruptcy laws. They are so tight now and your feet are really held to the fire from the federal government right now. It’s not like you just didn’t make your mortgage payment, so you go file bankruptcy, it’s just not realistic. Assuming bankruptcy is the last resort option for everybody. And we certainly want to avoid that, it would not be sound financial advice from any credible source that I can think of. Let’s walk through a case scenario, somebody who is listening to this broadcast, their head is spinning right now, they’re thinking, oh my gosh. I should have known about the tax implications, a

RELATED POSTS:

  1. Real Estate Marketing – What is a Short Sale and How to Negotiate to Stop Foreclosure? – Part 1 RealEstateMarketingThisWeek.com – Real Estate Marketing – What is a Short Sale? – Short Sale experts discuss How to Negotiate...

  2. Real Estate Marketing – What is a Short Sale and How to Negotiate to Stop Foreclosure? – Part 2 RealEstateMarketingThisWeek.com – Real Estate Marketing – What is a Short Sale? – Short Sale experts discuss How to Negotiate...

  3. Real Estate Marketing – Foreclosures, Loan Modifications and Government Bailout Plans – Part 3 realestatemarketingthisweek.com – Real Estate Marketing – Foreclosure rates on Forbearance Agreements done with banks reaches 58% – With Michael...

  4. Real Estate Foreclosure Ebook For Canada – 75% Comm! $47 sale “How To Buy Foreclosures in Canada E-Book Course” High Quality Free initial Ebook. Easy conversions! Quick sale! Low 5% Refund...

  5. Florida Ft. Lauderdale foreclosure attorney short sale loan www briankortepl com 866 322 2164 Why use us Unlike other loan foreclosure solution firms we are not trying...

Written by

Filed under: Foreclosure Help · Tags: , , , , , , , , ,

Leave a Reply

Connect with Facebook

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Not finding what you're looking for?
Do a custom search of our entire site:

Get Adobe Flash player