What is the TAX Implication on the Buyer of Short Sell Properties?

[pinaytechie]

Here's the scenario:
- the house was put on Short Sell for $200K.. the owner still owes the bank $300K.
- one of the bidders was able to get the house with bank approval for $200K.

Question is....what is the tax implication on the buyer side on aboves case. Will the buyer be taxed on the remaining $100K as income? Anyway, can you explain to me what the buyer will owe from the IRS in this scenario?
How will the buyer get taxed by IRS given this case this case?

[Landlord]

No, the 100k is not income for the buyer. It is the seller that spend 100k and is refusing to repay it.

The buyer has no addition burdens at all.