Foreclosure

questions & answers

Question: Are there any tax consequences for the state return after a forclosure or short sale?

Answer: You may want to consult a tax professional for information related to this question. Recent Federal legislation may apply to your situation. The effect on your taxes will vary depending upon whether this is a foreclosure or a short sale. You may want to take a look at the Where to Find an Attorney for Specific Legal Advice article on this website.

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QUESTIONS

  • Are there any tax consequences for the state return after a forclosure or short sale?

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  • I just helped my mother, age 89, deal with her Medicare HMO. . .
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  • He told me that I could actually get all the money I needed by using my home as collateral. . .

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