
Below is the post in its entirety: The California Foreclosure Rules or “So What Happens If I Let My California House Go Back To The Bank?” I get this question a lot. The answer is, IT DEPENDS. That’s a slippery lawyer’s response (someone called me that yesterday) but the outcome in your situation could be 1. You still owe the bank a big slug of money; 2. You have a big income tax bill with no cash to pay it; 3. You owe the bank a big slug of money and you have a big tax bill ; or 4. You owe the bank nothing and you do not have a tax bill. Everyone wants to be the last case.…[READ MORE]