http://www.theshortsaleminute.com If you are wondering what your tax liability will be after a foreclosure or a short sale you should watch this video. The federal laws are standard across the country regarding IRS. However each state has different tax codes. California just signed a new law that forgives the debt as income. Good news if you live in California. For more information on this and other short sale resources please visit our web site at www.theshortsaleminute.com
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