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pj g
Guest
In Las Vegas, NV, if my house is sold or auctioned in a FORECLOSURE transition for less than I owe, will the remaining debt(balance) be considered "forgiven debt" to where I am sent a 1099 and be taxed for the amount? or will I owe the bank for the whole amount? If I owe the bank, I was told that I could include it when filing bankruptcy.