Short Sale Seller Information
Short Sale FAQ
What is a short sale?
Why is a short sale better than foreclosure?
How much does it cost to do a short sale?
How do I know if I qualify for a short sale?
What are some drawbacks to short sales?
How will a short sale affect my credit?
What if I have more than one loan?
How long does a short [...]
Every Foreclosure Moratorium Has A Silver Lining
It seems like every day we get new news about big banks and the housing market. We hear about bailouts, we hear about foreclosures, we hear about TARP – and most of the time, it’s not the kind of news we want to hear.
Then, every once in a while, we get the kind of news [...]
Short Sale vs. Foreclosure – Seller Information
There are a lot of really, really good reasons not to let the bank simply foreclose on your property; to name a few, short sales have significantly less impact on your credit score, you can often avoid a deficiency judgement with a short sale, and short sales don’t jeapordize any security clearance you may have. [...]
Read More >>Short Sale Tax Information
While there is a possibility that you will not have any tax liability after completing a short sale, there is also a possibility that the government will consider your debt forgiveness as income – and you may have to pay taxes on it. We can help you figure it out.
Read More >>Common Short Sale Documents
A list of documents most lenders will require from the homeowner in order to process their file.
Read More >>Foreclosure and Short Sale Alternatives
Homeowners in default do have options open to them beyond foreclosure and short sales. This list of less common alternatives can be just the ticket for owners who want to keep their homes or avoid repossession.
Read More >>What Is A Short Sale?
Once upon a time, short sales were among the rarest of transactions. Houses tended to appreciate (heavily) over time and mortgages used to come with heavy down payments, leading to lots of equity for sellers. People could wait a few years, get a few tax benefits, and then sell for a profit.
Not anymore.
Read More >>