When your debt is forgiven, you have to consider the amount written off as an ordinary income item (with the exclusion of the debt originated from the purchase of primary home). (money.stackexchange.com)
That means it considers second homes worthy of similar rates as primary homes. (themortgagereports.com)
«The big difference between selling primary homes and selling secondary homes is that no one has to have a second home,» she says. (realtormag.realtor.org)