Debt Cancellation & 1099 C In A Short Sale

What is cancellation of debt, 1099C in a short sale? If you want to know about cancellation of debt, a 1099C in a short sale, you've come to the right place. The answer may not be what you expect. In this video, I explain about how debt is cancelled in a short sale, what the tax implications are, and how a homeowner can avoid paying taxes on the cancelled debt.

If you’re a homeowner and you’re looking to do a short sale, click on this link to get more information about what I offer. Fill out your info, send me a request and we can set up a free consultation:

https://DohnBuysHouses.now.site

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I’m Dohn Thornton, “The Short Sale Guy.” I’ve been an uber-successful real estate investor in Florida since 2003. I’ve dominated the short sale market in Florida for almost 20 years. I’m expanding my business nationwide now, and I’m looking to build a network of investors, wholesalers, and real estate agents, who I can teach to replicate my business model in your local area, find houses for us to flip, JV, and make money together. Oh, and I teach my students for FREE!!

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KEY MOMENTS IN THIS VIDEO
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0:25 Introduction
0:50 What is the meaning of a short sale?
3:40 What are the pros and cons of a short sale?
4:30 Comparing Short Sale & Deed In Lieu
4:45 Qualifying for a conventional mortgage afterwards
6:45 Relocation incentive from the bank
8:20 Choosing the right company to do the short sale

WHAT TO WATCH NEXT
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What Is A Short Sale In Real Estate?
https://youtu.be/rxO-SfZYWJc

ACCESS MY FREE RESOURCES BELOW
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Short Sales – The 411 Flipbook
Get a quick 411 on what a short sale is and how it works
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Short Sales And Credit
Key points to make an informed decision
https://designrr.page/?id=21102&token=645929696&type=FP&h=7102

Testimonials
Check out just some of our satisfied homeowners who have given us the honor of doing their short sales for us
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