Can A Contract To Buy A House Be Undo If Somebody Else Offers More Money For The Property?
i live in texas, the house where i live is for sale, recently i got preapproved (financially) after my neighbor signed a contract to buy it, if i offer more money for the house can the contract be broken and the house sold to me?
If I Receive A 1099 Form After A Short Sell In Texas, Do I Still Owe Money To The Irs?
I am divorced, and my ex husband lives in our property. We are having to short sell it b/c he hasn’t been keeping up with the payments. I was told we may each receive a 1099 form. Does this mean we will owe money to the IRS? What are the regulations in Texas?