Legal Question in Real Estate Law in Florida

i am thinking of short selling my house, can the back come back afterwards and garnish my wages?


Asked on 6/08/10, 9:13 am

2 Answers from Attorneys
Richard Kaplan

Possibly.

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Answered on 6/08/10, 2:08 pm
Jacqueline Salcines Jacqueline A. Salcines, PA

Well, there are many answers. If your short sale qualifies under the new HAFA program, the bank will write off the balance and if it is your primary residence you will most probably not have any tax consequences. It will depend on the owner of your loan, the type of loan and the short sale contract. Thanks

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Answered on 6/08/10, 8:10 pm


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