The San Diego Source | The Daily Transcript is San Diego’s only information company offering business news, data and resources daily and hourly. We report on San Diego business, finance and the San Diego economy, real estate, construction, the U.S. military in San Diego, and San Diego government construction bids.
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
John Taylor 10:07pm January 12, 2013Good question..... Can you confirm this issue? Investment property/rental condo purchased solely for rental income....... Can short sale be done without taxable liability???? Please advise. ie: Orig. purchase condo, 2 BR - 2BA apt conversion @ $475 K w/ mortgage bal. @ $302 K...... Resale comps. now $220 K & hopeless recovery. Bad deal & need to short sale!!!
Chip 4:38pm January 10, 2013Does MFDRA apply to investment property as well or only owner-occupied residences?