Asked by Liz Gallagher, Lead Hill, AR • Tue Oct 21, 2008
Our home has been up for sale since 5/21/08 and we've lowered price to as little as we can and still pay off the loan and the realtors fee. We need to move back into town about 25 miles away, and can't support both places. Moving day (11/15/08) looms and as much as we hate the short sale or deed in leiu, it will be better than foreclosure an day. So what's the tax look like?
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