Tags: 1099-C, deficiency judgment, Foreclosure
What determines whether I receive a 1099-C or a deficiency judgment for the bank’s loss?
March 20th, 2010 by Jarad S.Question: If a non-primary residence in NY goes into foreclosure, what determines whether I receive a 1099-C or a deficiency judgment for the bank’s loss?
Answer: -A lot of times it just depends on the lender and the amount that’s deficient.

