1099 After Foreclosure – Cancellation of Debt & Anti-Deficiency
Here we take a closer look at the phenomenon of 1099 Cancellation of Debt income following a foreclosure. Why Foreclosed Homeowners Receive 1099s for Cancelled Debt First, the basics: if you owe a debt...
View ArticleDeficiency Judgement, Anti-Deficiency Laws, California and Elsewhere
July, 2007 As we noted in Foreclosure Law, foreclosure is the process by which a bank or lender takes possession of collateral used to secure a loan. Put another way, foreclosure happens to a homeowner...
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