UPDATES AND TRENDS IN THE SHORT SALE WORLD (AND TAX ...
Tax Consequences of Short Sales and Foreclosures Foreclosure: Recourse vs. Nonrecourse An important consideration in the results of a foreclosure (or a deed in lieu of foreclosure) is whether the debt is "recourse" or "nonrecourse." If the debt is "recourse," the debtor is personally liable for the debt. ................
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