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I THINK it is 25% of what is owed on the loan...as an average.

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14y ago
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Q: How much does it cost a bank to foreclose a property?
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How much tax should be withheld from 40000?

If you foreclose on a rental property and will be 1099, what percent are you taxed Lets say the mortgage is 90,000.00 and the bank sells for 40,000.00. You have to pay taxes on the remaining 50,000.00. What percent


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