http://www.fhaloanpros.com/2007/09/new-fed-policy-on-foreclosures/ The Unofficial Guide to FHA Loans & Mortgages Sat, 21 Nov 2009 09:07:59 +0000 http://wordpress.org/?v=2.6 http://www.fhaloanpros.com/2007/09/new-fed-policy-on-foreclosures/#comment-4080 toni Mon, 17 Mar 2008 01:56:13 +0000 http://www.fhaloanpros.com/2007/09/new-fed-policy-on-foreclosures/#comment-4080 I'm hearing many different stories, first is their such a thing called Refi-Short Sale? Where the lender looks at Refi your property at current market value and your origninal loan amount is forgiven? Then you can Short Sale the property to a potential buyer? Also, is it true that if a person foreclosure or Short Sale on a property the difference of what was owed on the loan your are not 1099 for the taxes? It would be just a foreclosure or Short Sale. I’m hearing many different stories, first is their such a thing called Refi-Short Sale? Where the lender looks at Refi your property at current market value and your origninal loan amount is forgiven? Then you can Short Sale the property to a potential buyer? Also, is it true that if a person foreclosure or Short Sale on a property the difference of what was owed on the loan your are not 1099 for the taxes? It would be just a foreclosure or Short Sale.

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