How does everyone deal with 1099 of income to the homeowner.
Does every bank issue a 1099, is it standard, can you do a deal and request the bank not to 1099 the homeowner.
Does it bother you in closing a deal that is short sale of say $100,000 that they are going to get hit with a tax bill of $28,000 or so and they can't even pay mortgage payments, so how are they going to pay this bill??
I am having a moral dilemma and just want to hear from some people.