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Posted on 1/6/13 at 5:39 pm to Tiger4Ever
It was a short sale, not a foreclosure. Hey-sues Christeaux folks. Two people with different last names bought it for and even $400K, $311K lower than I had bought it for only 5 years prior. I had to sign a shitload of papers "accepting" their offer; however, mentally I had already "given the property back to the bank". Sorry for the misleading, minced words.
No taxes on the short sale gain had to be paid. There was a law passed in the 2008 bail-out mess that waived that for 2 years. It was extended into 2010 and I recall
ing over the extension.
No taxes on the short sale gain had to be paid. There was a law passed in the 2008 bail-out mess that waived that for 2 years. It was extended into 2010 and I recall
ing over the extension.
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