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    litz73's Avatar
    litz73 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Mar 19, 2009, 07:08 PM
    swapping properties

    can I foreclose on a rental property and buy a another property and take advantage on lower real estate values. What are my tax obligations. Pleases help desperate for answer. Thank you
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Mar 19, 2009, 07:27 PM

    First its not a good idea to piggyback your question on someone else's. This can lead to confusion. You should start a new thread. So I've moved your question to its own thread.

    We need more details. Are you holding the mortgage on a rental property? Or are you the owner?
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