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1099C from foreclosure

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    1099C from foreclosure

    Hello,
    I have an investment property that foreclosed and was sold at auction back to the first mortgage lender. When will I get a 1099C - will it be at the end of 2010 like a tax statement in the mail or will it be after the house sells at auction from the bank to another buyer, which could be in 2011?
    Thanks

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