Short sale tax shortchanges ex-homeowners

Tara Blackwell and her husband sold their Fairfield house in December for about half of its original $825,000 price as a short sale, in which the bank agrees to accept less than is owed on the mortgage.

The couple and their two children moved in with Blackwell’s parents and thought the situation was behind them. Then it came time to pay their 2009 taxes.

To their dismay, they discovered that California…

Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/03/15/MNO21CEDUK.DTL&tsp=patrick.net#ixzz0iLpjQ8zh

Related News

  • No Related Post

Leave a comment

Leave a Reply

Useful Information

Mortgage Calculators, Auto Loan Calculators, Personal Finance Calculators, Student Loan Calculators, Loan Modification, Loan Articles, Loan News