SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Residential Real Estate Crash Index
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Travis_Bickle who wrote (122208)5/11/2008 10:57:38 AM
From: RockyBalboaRead Replies (1) of 306849
 
Its still an unrealised loss. Furthermore the bank had the opportunity to accept the RE at the full principal of the loan and carry it on its books (and write it off much later).

Now they have an incentive to really lowball the price and maximise the loss. The former debtor doesnt need to pay tax anyways.
Is that an intended consequence of the COD gains taxation exemption?
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News