NM Leon
New member
Getting legal help is probably a good idea on the contract end of it.
I'm not a lawyer, but I don't think the bank can come after you for the difference. That's the good news.
The bad news is that the bank will report it to the IRS who will consider the difference as earned income and you will owe taxes on it (and your credit rating will suffer for a few years).
You're in my prayers.
I'm not a lawyer, but I don't think the bank can come after you for the difference. That's the good news.
The bad news is that the bank will report it to the IRS who will consider the difference as earned income and you will owe taxes on it (and your credit rating will suffer for a few years).
You're in my prayers.