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Roger, Lawyer
Category: Real Estate Law
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Experience:  BV Rated by Martindale-Hubbell; SuperLawyer rating by Thompson-Reuters
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Can a homeowner whose home has been foreclosed on be sent a

Resolved Question:

Can a homeowner whose home has been foreclosed on be sent a 1099 to charge him with the value of the property?
Submitted: 6 years ago.
Category: Real Estate Law
Expert:  Roger replied 6 years ago.
Yes. The homeowner can be issued a 1099 for the amount of the loan that is not paid off by the sale of the property.
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