If our investment property was foreclosed on, how long does the bank have to pursue us or forgive the debt?

We foreclosed on our investment property 13 months ago and the bank auctioned the house a month later. We still have not received a 1099-c and just completed our taxes. How long does the bank have to send the 1099-C or pursue us for the difference?

Asked on March 2, 2012 under Real Estate Law, California


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