Comments on: In California, Can a creditor garnish your wages after a foreclosure has gone through? http://www.jjrealestatebg.com/usa-real-estate/in-california-can-a-creditor-garnish-your-wages-after-a-foreclosure-has-gone-through Pure Real Estate Wed, 10 Mar 2010 11:59:56 +0000 http://wordpress.org/?v=2.7 hourly 1 By: Landlord http://www.jjrealestatebg.com/usa-real-estate/in-california-can-a-creditor-garnish-your-wages-after-a-foreclosure-has-gone-through/comment-page-1#comment-981 Landlord Thu, 15 Jan 2009 04:12:07 +0000 http://www.jjrealestatebg.com/usa-real-estate/in-california-can-a-creditor-garnish-your-wages-after-a-foreclosure-has-gone-through#comment-981 It depends on your loan, if you ever refinanced then yes, they are entitled to the entire amount of money they gave you. If you never refinanced your original loan then they simply send you a 1099 for the excess amount, you simply have to claim it as income for both the IRS and CA taxes. It depends on your loan, if you ever refinanced then yes, they are entitled to the entire amount of money they gave you.

If you never refinanced your original loan then they simply send you a 1099 for the excess amount, you simply have to claim it as income for both the IRS and CA taxes.

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