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Manipulation of Selling Price to Avoid Taxes, Capital Gains

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  • 06-20-2011, 03:40 PM
    ksafez
    Manipulation of Selling Price to Avoid Taxes, Capital Gains
    I sold a couple properties to a person.

    I lowered the price on one and raised the price on another to avoid some capital gains tax and to make zoning changes cheaper in taxes.

    Now I am faced with foreclosing on the buyers because they claim they can't a loan because the price was adjusted higher (even though it was lowered on the other property).

    Does this have a legal basis in court?

    Can the foreclosure be ruled illegitimate because of this price adjustment?

    I hope I'm explaining this well. Please ask any questions for clarification.
  • 06-21-2011, 11:48 PM
    Mr. Knowitall
    Re: Manipulation of Selling Price to Avoid Taxes, Capital Gains
    Does what have a "legal basis in court"?

    You have provided us with no information about the nature or terms of the sale, or the basis of your intention to foreclose. Are we talking about a contract for deed / land contract?

    it will help if you belatedly follow the instruction to identify your state.
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