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(English) The Cost of Walking Away

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3 comentarios
  1. Michael Mekler
    Michael Mekler Dice:

    Steve,
    As usual very good and thought provoking post. Just this week I talked to a California attorney about this subject and it is entirely state specific. The other major component is the type of financing that is currently in place on the property. An original purchase money mortgage is less likely to be 1099’d than a cash out refinance or a second mortgage that was taken out after the fact and within the previous 3 years.
    Michael Mekler

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  1. […] nothing or walk away: At times a homeowner may simply be upset that the value of the property has dropped or that the […]

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