gtaylor Posted April 11, 2007 Report Share Posted April 11, 2007 I settled with SYNCOM, a CA for Greentree Servicing LLC on a repo'd mobile home (by the way, I was never notified about the repossession either before or after the fact). I understand that I need to pay taxes on the difference of my settlement amount and the balance of the loan. However, how does the repo come into play in this instance? I no longer have possession of the property...they took it back and more than likely re-sold it (it was nearly new and in very good shape). Thanks for all advice/opinions Link to comment Share on other sites More sharing options...
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