Sell Your House in a Short Sale
In a short sale, you sell your house before it’s auctioned off in foreclosure, usually for an amount that falls short of what you owe on it. For a s...
Short Sales Handout a Baited Hook For Most
It takes an attention-grabbing headline these days for foreclosure news to rise above the debt issue, even though home prices are a major factor on ...
Deed in Lieu of Foreclosure vs. Short Sale
For many homeowners who are struggling to make their mortgage payments, keeping their home simply is not an option. The good news is that these h...
Short Sale and Foreclosure Compared
A short sale and foreclosure are two possible outcomes of a borrower defaulting on a mortgage. A short sale is the process of selling the home fo...
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...
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...
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...
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...
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.
Deficiency Judgments
When a house is sold in foreclosure for an amount less than the outstanding mortgage debt, the difference between the outstanding loan amount and th...
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 ...
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...
