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Loan Modification

: Loan Modification & Home Loan News

Homeowners who short sale may face huge tax bills

By Moe Bedard

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LOS ANGELES ? Out of work for more than a year, Dale Ottley was relieved when she was able to sell her Woodland Hills condominium for $230,000 ? even though it was a “short sale” on which she lost $200,000. Now she faces the possibility of having to pay state income tax on the $200,000 debt that [...]

Full post as published by Loan Modification & Home Loan News on April 01, 2010 (boomark / email).

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