Did you have a property foreclosed on, was there a deficiency, and was that deficiency forgiven?
My answer does not constitute legal advice and may not be relied upon by anyone for any purpose and does not constitute an attorney/client relationship or an offer to form such a relationship. This disclaimer is intended to be fully compliant with the requirements of Treasury Department Circular 230 and the terms thereof are fully incorporated by reference.
First question is were you foreclosed on?
If so then you must address any potential deficiencies... To your recollection were there any deficiencies?
You should consult with a local attorney to assist you with this process, this could end up costing you a very significant amount of money.
I'm very sorry to hear about the foreclosure action. You should contact the IRS right away to alert them to this matter. The last thing you need is to be taxed on funds that you never benefited from. If you need to call the IRS, just visit their website www.irs.gov. The website is fairly easy to navigate, so you should find your answers pretty quickly from there.
Good luck with your case!
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