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tammi · 10-12-2009, 10:36 AM

We are going through this right now, I have been in touch with a lawyer, you are liable for the difference of that balance owed and the sell amount, this is considered income. This is why we filed bankruptcy as soon as we thought we might lose our house. This way we dont have to pay any taxes on this amount.

he also said we should get a notice to vacate, it will have so many days, as soon as I get this he said to call and he can get added days even sometimes months added. It gives you time to move. Calif. is big on a notice to vacate in 3 days.

10-12-2009, 10:36 AM	#7 (permalink)
tammi Member Join Date: Oct 2009 Posts: 12 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: California Foreclosure Law We are going through this right now, I have been in touch with a lawyer, you are liable for the difference of that balance owed and the sell amount, this is considered income. This is why we filed bankruptcy as soon as we thought we might lose our house. This way we dont have to pay any taxes on this amount. he also said we should get a notice to vacate, it will have so many days, as soon as I get this he said to call and he can get added days even sometimes months added. It gives you time to move. Calif. is big on a notice to vacate in 3 days.