Tax foreclosure, or for Shortsales for house purchase in 2008?

Residents in April 2008 as a principal, I now have the ability to pay loans It's not bought a house. What is the best way to 242 1. If the 35% tax, or pay the debts of eligible Under an exception to cancel a stop payment and let the bank foreclosure (well I do not live) 2 Principal. I understand Shortsales (no tax Included) is 3. Thank you for the loss or gain, or sales There is no other better way? Help you.

You should try to resolve their mortgage loan. It is What you owe may be difficult to sell. You Is the difference between the debt. Or should they attack you 1099 – C most of the debt cancellation.