foreclosure? - Free Foreclosure Help - Loan Modification Help

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10-08-2007, 01:52 PM

Socalmomma Socalmomma is offline

Junior Member

Join Date: Oct 2007

Posts: 1

foreclosure?

who here has had a foreclosure and can tell me about the aftermath with taxes....my main question is about the exclusions.....are there any circumstances where i wont have to pay the difference in taxes as income on a 1099? i heard if i have own/ live in the home for the last 5 years, i will not have to pay on that? is this correct?

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