You MUST file Bankruptcy BEFORE NOT AFTER a Short Sale
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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
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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 2 weeks ago