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Deficiency Judgments

Generally speaking a deficiency judgment is a court order which allows a lender to take possession of and liquidate (sell) any asset of a debtor who...

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How Short Sales Work

A short sale occurs when the borrower owes more on their mortgage than the current market value of their property if they were to sell the property ...

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Loan Resolution: Short Sale

Behind every successful sale, there is also a naturally created personal bond that could make a world of difference and work to our advantage.

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Short Sale Laws

Generally, each lender has its own rules and procedures governing short sales.  However, because of the rising number of short sale applications an...

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Short Sale Risks

Short sales are effective options all parties involved in the transaction, the seller, buyer and the lender if they are successful. The seller is le...

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Short Sale Tax Implications

The Mortgage Forgiveness Debt Relief Act of 2007 allows a homeowner to exclude from taxation income derived as a result of a loan modification, fore...

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Short Sales & Deficiency Judgments

A deficiency judgment is a judgment issued by the court against you making you personally liable for the unpaid debt to your lender on your mortgage...

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Short Sales & Tax Consequences

Many homeowners facing foreclosure opt to go the short sale route.  In a nutshell, a short sale is an agreement between the homeowner and his mortg...

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