[googlepdf url=”https://sbemp.creativetakeweb.com/wp-content/uploads/2018/05/Foreclosures_Short_Sales-2.pdf” width=”100%” height=”600″]With residential foreclosures and defaults on the rise, many Californians are inclined to just walk away from their mortgages. However, before “giving the keys back to the bank,” it is wise to consider the tax consequences of such actions.