Understand that selling your home at a reduction can nonetheless incur tax obligations. Normally, canceled – or forgiven – financial debt is considered taxable cash flow. That can contain a short sale, foreclosure, deed in lieu of foreclosure, or bank loan modification. “It’s not uncommon to sell after 1 year,” https://trevortzflp.pointblog.net/sell-house-things-to-know-before-you-buy-75530900