I have asked my RE agent about this but she did not have a clear answer for me.(I am beginning to think she doesnt know anything more than I do with this entire process and she is supposed to be the one with all the experience).
I have left a message with my BOA negotiator, so I will call her again tomorrow for clarification but in the meantime maybe someone can tell me your experience-
We are waiting on closing on our HAFA Short Sale(received final approval from BOA). I have been reading and reading about the issuance of a 1099C and the Debt Forgiveness Act. My question is-will BOA still issue a 1099C in a HAFA short sale since they are forgiving all of the deficiency?