1099-A vs. 1099-C 02/19/2014
What is the difference between a 1099-A and 1099-C, and how will we know when our bank canceled our ..more
Strategic default may be the answer. You have options when it comes to your underwater property.
If you short sell or walk away, you may be surprised to find that you are taxed on the forgiven debt.
You may be surprised to find that you are personally liable for the shortage after foreclosure or short sale.