Will I still have to pay taxes if I do a short sale?

This is dependent on whether we're talking about property taxes or federal income taxes.

YOU will always have to pay extra income tax if the bank sends you a 1099 for the deficiency.

SOMEONE will always have to pay property taxes. Whether its you or the lender depends on their policies and the specific agreement you reach while negotiating the short sale.


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Houston 77004Houston 77064Houston 77055 Cypress 77433