Will I get a 1099-c or not, should I ask the bank?

[ktl72455]

What would I look up?   I was running 30 days late alot and finally let it go and didnt make a payment at all starting Dec 08. It was sceduled to be transfered from GMAC (another lender) to Nationstar begining Jan 09 and I never made a payment to nationstar.

I am hoping it will fall off 8mo to 1 yr early like a couple others have only becuase I dont know how to tackle this one :-)

[guiness56]

The court house in the county it was filed in should have something on it.  Look up your name and see if it has anything.

[ktl72455]

Well Until I can locate it via the courthouse, I found the listing the broker had up when they were selling it.

[guiness56]

Would that have covered what you owed?

[ktl72455]

Nope I owed 86,000 when I walked away.

[guiness56]

Oh, hmm.   I would wait and see what you find out at the court house.

[ktl72455]

OK!!  I cant wait to get these last couple nasty ones dealt with or they fall off  :-)

[ilzhoefer]

Now that the foreclosure is official, the waiting begins. I now have one year from when the fc is official to see what I am going to get.

Will I:

Get a 1099-c and have to possible pay the taxes on the forgiven amount $170K. Primary residence in NC.
Get a deficiency judgment in that amount and have to file BK.
Get nothing.
Call the bank and ask them what they are going to send me.

Just venting a little......