Saturday, April 23, 2011
Short Sale Part 3
On this show I discuss several issues: I talk with Registered Tax Preparer Manuel Alvarez the tax consequences of a short sale and foreclosure. I also discuss the current real estate market conditions, some credit tips and more. I would also like to add that every situation is different and some people may not be able to take advantage of a tax free sale in a short sale or foreclosure. You have to take into consideration whether the existing loan is a recourse loan (loan that has been
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