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  1. #1
    Join Date
    Dec 2008
    Posts
    1

    Default Investment Houses

    My question involves debt management in the State of: Texas

    I have investment properties which I purchased before getting married. A few in North Carolina and one in Florida. If they go into foreclosure or short sell, will the bank 1099 me?

    Will that have any affect on my wife's credit since she is not the guarantor? And, we do not have joint accounts?

  2. #2
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Re: Investment Houses

    I would expect the bank to 1099 you.

    Your wife's credit should not be affected, although if you file a joint tax return it will affect that tax return.

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