madgonad: The house doesn't have mold - and even if it does it isn't a problem.The guy wants to move and the value of the property has dropped to less than his equity. A loophole in the tax law allows him to 'donate' the house to the fire department at full value and get a complete write-off on his equity loss. So he is getting a big tax credit to cover his real estate loss. This loophole only exists for high-earners with high-value homes with negative equity.
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