luna
02-14-2009, 03:36 PM
So my house into foreclosure last year and now that its tax time I'm clueless to what will happen. I'm hoping with everyone thats dealt with this that I can get some advice.
I did get some paperwork from CW stating the balance that was due and the fair market value of the property (which is a joke). I know that there was a ruling passed that my loss won't be seen as income but I have no idea what other penalties etc I face.
I did get some paperwork from CW stating the balance that was due and the fair market value of the property (which is a joke). I know that there was a ruling passed that my loss won't be seen as income but I have no idea what other penalties etc I face.