My house sold at auction in June 2012. It was recorded in July 2012. I have not received any paperwork past the NOS.
The company that bought it was a house flipping company. (I know this because my old house is listed for sale again and it is completely updated in the pics). Anyway when can I expect my 1099? I will get an 1099 no matter what correct? I mean even if the bank decides to sue for the 67k that is still left after the house was sold at auction I would still get a 1099 this year for taxes right?
Sold at auction for: 108k
BOA shows I owe: 67k
I am not sure how long the bank has to sue me for the difference, if they are going to sue but either way I should get a 1099 soon, right?