Legal Question in Real Estate Law in Illinois

Prperty in IL. I live in Florida. IF IL property short sold and I receive 1099 C can I still be sued for a short sale deficiency or can the deficiency be passed on to third party collector?


Asked on 6/03/10, 3:49 pm

1 Answer from Attorneys
Caroline Palmer Law firm of Caroline Palmer

If you sold your property in a short sale you will not be sued for the difference. You can only be sued for a deficiency if you lose the property due to a foreclosure.

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Answered on 6/03/10, 7:01 pm


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