People facing foreclosure have a lot of issues and concerns. They are especially in need of advice.
This article I wrote for our local bar journal, to be published in April covers three topics:
(1) liability if the property is vacated before delivery of the Sheriff’s deed;
(2) risks of possible deficiency liability; and
(3) a quick but not dispositive discussion of some possible tax liabilities.
These are all important to deciding whether to do a short sale or deed in lieu of foreclosure, file for bankruptcy, or ride it out to the Sheriff’s sale.