I was involved in a short sale last year that didn't go through. I bought the 2nd mortgage of 20K for 2 K, then the house was foreclosed upon. Can I report the 20K loss on my tax return?

thanks for your advice

jj

You photograph the key rooms and a graphic designer adds the furniture, window treatments, etc.

Remember, they will take your money and give you heavenly treatment, but when it is time for you to file a claim, they will find the smallest loophole in your coverage and squeeze themselves there to simply not pay you.What to do next?

When that happens they will inevitably expect more leeway or special treatment because you're "friends", even if on a subconscious level.

The treatment of revolving credit card debt and the treatment of secured installment debt are vastly different in terms of underwriting guidelines, practices and residential lending best practices - and different again in most cases, for each lender. 

Once all the walls have been painted and window treatments replaced we are thinking about painting over the kitchen cabinets as they are just too red. 

You will have a lot of wood rot due to moisture and termite treatments thats the nature of the area.Hope this helps

They do not apply to a primary residence, second home or vacation property used for personal vacations.You could convert the primary residence to rental property and after a seasoning period (holding period) you would qualify for 1031 Exchange treatment.

Even if you are just a servicer in your home state a solid and thorough knowledge of lots of rules and regulations come with that including those that govern the accounting of loans, the treatment of borrowers along with an understanding of the legal proceedings that accompany loans including bankruptcy and foreclosure.

. - not good) What about light fixtures, window treatments, plumbing fixtures, landscaping, interiro/exteriro paint, drywall repairs from window replacements (5 you stated).