That is a question only you can answer for yourself. Talk to an accountant to run the numbers if you need some coaching on the subject and assess the impact of the capital gains taxes. In order to sell with the capital gains exclusion of 250k single/500 k married, you must have had it as your principal residence for 2 of the last five years. So, if your stint out of state wasn't too long you may be able to count some of the previous time also.
She is not likely to be able to refinance if she has filed bankruptcy. What happens if she doesn't? You need to speak to your attorney on this subject because it depends on the terms of the divorce and none of us are privy to this information.
You are not likely to find many foreclosure properties (if any) in the price range you mention in Seattle unless they need a tremendous amount of work (teardowns).
A loan modification and your ex-husband's debt to you are separate subjects. Lack of payment on the debt is something you probably need to take up with your attorney.You do need to get your name off the mortgage and deed if you don't want his potential defaults to affect you.
I'm a simple consumer and not smart enough to understand the difference between "don't be too honest with the bank" and "lie". Derek, could you explain?P.S. I'm not looking for a loan modification, and hope those who are are not being encouraged to commit fraud. Jail time puts the onus on me and my other friends (taxpayers) to pay... alas.
Should we sell our condo if we will have to pay capital gains taxes?
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