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.
Tags: 1099-C, deficiency judgment, Foreclosure
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Hi Jared,
Thank you for the well written and very informative Short Sale Secrets Of the Wealthy. This book has really opened our eyes to the opportunities in Short Sales.
W. Chakua, MN
RIMS Inc.
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