One Comment to “In California, Can a creditor garnish your wages after a foreclosure has gone through?”
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Landlord said:
On June 18th, 2008 at 6:12 pm
It depends on your loan, if you ever refinanced then yes, they are entitled to the entire amount of money they gave you.
If you never refinanced your original loan then they simply send you a 1099 for the excess amount, you simply have to claim it as income for both the IRS and CA taxes.
On June 18th, 2008 at 6:12 pm
It depends on your loan, if you ever refinanced then yes, they are entitled to the entire amount of money they gave you.
If you never refinanced your original loan then they simply send you a 1099 for the excess amount, you simply have to claim it as income for both the IRS and CA taxes.