You MUST file Bankruptcy BEFORE NOT AFTER a Short Sale
5:34
Added: 10 months ago
From: mrcreditradio
Views: 468
Sort by time | Sort by thread (beta)

Link to this comment:

Share to:

All Comments (2)

Sign In or Sign Up now to post a comment!

  • Currently, yes, providing You meet certain criteria. What if You did a cash out 2nd mortgage to consolidate your debts? If You didn't know, that would cause You to have tax liability. Even if there was a Federal Law mandating no tax consequences on any primary residence mortgage forever, it still would not make sense to file the BK after. There would be no advantage...

    mrcreditradio 3 weeks ago

  • You failed to mention that there is currently no cancellation of debt tax liability in the short sale of a personal residence. For more information, google Mortgage Forgiveness Debt Relief Act and Debt Cancellation

    IdahoFarmer9999 1 month ago

Loading...
Alert icon
0 / 00Unsaved Playlist Return to active list
    1. Your queue is empty. Add videos to your queue using this button:
      or sign in to load a different list.
    Loading...Loading...Saving...
    • Clear all videos from this list
    • Learn more