I began my walk from my CA home Nov 1st 2011 and as I understand it, the Auction takes place July 31st 2012.
(While I did not take any money out, I did refi for a lower rate in Feb '09 so my loan is recourse.)
Assuming the auction does take place on the 31st or sometime this year, will the Debt Forgiveness Act relieve me of tax obligations only if the home is bought by a buyer?? What if no one buys it and the home becomes "bank owned"? what becomes of the debt then?? I really want to know what it takes to be off the hook from possible tax debts after the auction is done.
I also have a question about Quality Loan Service, which is the company that placed the notice on my home and mailed me the auction date info.
They said since the auctions can change, to call/register on their site to find out if the auction has been cancelled or postponed. It asks a lot of info such as phone numbers and e mails. I do not think I want them to have all that info.
Am I being paranoid?? If not, any suggestions of how I might find out about the date of auction without giving up my info??