1099 after Auction?

Hi you great investors! I know that the homeowner will be 1099’d if there is a short sale (usually). What if it goes to auction? Are they 1099’d for the difference of what it sales for and what they owe?

Nope. Deficiency judgement.

Read this thread http://www.reiclub.com/forums/index.php/topic,26964.0.html

This is not legal or financial advice, consult a professional, if your erection lasts for more than four hours, seek urgent medical care

LOL, wine just came out of my nose.

I should make that my signature.

Thank JDS. You are hilarious. I love your replies.