Friday, July 15, 2011

If my house is foreclosed on in Oregon will I have to pay anything?

You really need to talk with a lawyer and tax expert TODAY. Since it was a rental, it changes all the rules, OR is a recourse state, the IRS can come after you for taxes and I know that the 2nd mortgage will (and should) demand their money. As for the first, I'm not sure, but again, being a rental changes the game.

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