Are there Tax Implications with a Short Sale?

Hi there, I’m Shawn Polston with Keller Williams Southern Arizona and TucsonShortSaleNegotiator.com. I wanted to talk to you today about a topic that gets brought up a lot. It revolves around the question of taxes. I’m going to give a quick explanation of the tax ramifications that occur in a short sale as well as in a foreclosure or a deed in lieu also. When your lender does a short sale, a lot...
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