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Who is a Mortgage dealer? If I do a short sale I will be taxed on the distinction. Best case scenario, it could be 30,000 that I’d need to pay taxes on. You see, I’ve a rental property in Vacaville that I can now not afford the funds on. The lease monies I get are less than what I’ve to pay every month. If the lender (Wilshire) can take a deed in lieu of foreclosures, would I nonetheless be taxed on the difference like in a brief sale? It has a first and a second and I am conscious that
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