Legal Question in Real Estate Law in California

Deficiency Judgement

I was told that if my property is foreclosed on and there is a deficiency judgement, I will not have to pay taxes on this amount. However, on the other hand, if I do a short-sale, I was told that I will have to pay taxes on the deficient amount. Is there anyway to avoid paying taxes on the deficiency notice?


Asked on 8/21/07, 9:15 pm

1 Answer from Attorneys
Robert L. Bennett Law offices of Robert L. Bennett

Re: Deficiency Judgement

My areas of legal expertise don't include taxes.

Please rewrite your question and send it to the taxation section.

Sorry.

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Answered on 8/22/07, 8:30 am


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