Short sales have become the only way out for some sellers. Check out the benefits and reasons of short sale here!
If your debt to someone else has been canceled or forgiven, the canceled amount may be taxable. Generally, to the extent that a loan from a lender is not fully satisfied and a lender cancels the unsatisfied debt, you have cancellation of indebtedness income. The […]
A short sale occurs when a lien holder or mortgage company agrees to accept less than what is owed on a home in order for the home to sell. Lenders are not in the business of accepting less than they are owed, and their business […]
Short selling property has many benefits, but is not for everyone and there are many pitfalls that you may not be aware of. The benefits of a short sale if properly negotiated is release from personal liability and liability from the real property, eliminate future […]