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Tax ramifications on "Deed in lieu of" and "Short Sale" of a mortgaged home
What is the name of your state? Colorado
Can someone please tell me what the tax ramifications will be on a Deed in lieu of or a short sale of a mortgaged home.
We will not make any profit off of...
What is the name of your state? Colorado
We have had the house on the market to sell since Nov'04 with no takers. We currently owe more on it then what it would appraise for. We have used credit cards to pay up current a couple of times that it has almost gone in foreclosure. Our credit is...
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