Charlottesville Short Sale and Foreclosure Tax Consequences
July 29, 2008
This is one of the big questions always asked by clients in these tough situations. There is a lot of mis-information on this subject which leads to fear. Fear of the unknown, just compounds these tough situations. So, I have enclosed a link that should shed more light on the tax consequences of short sales and foreclosures. This should help clear up confusion and hopefully some of the agony with respect to this “fear of the unknown.” Hopefully this information will aid you in a most trying time.
Link to tax article: Go >>>>
Important: Always consult a licensed professional if you are not sure about your situation. Remember, a Realtor is not a CPA or an attorney. So unless they are, always direct your technical question to a licensed professional.
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