What is a Short Sale!!!!

10 Feb

A short sale is when your lender agrees to take less than what is owed on the property. This is about 65% of  our market place today. You are not alone.

1 Comment

Posted by on February 10, 2010 in Uncategorized


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One response to “What is a Short Sale!!!!

  1. Howard Owens

    February 10, 2010 at 4:22 PM

    Most taxpayers who foreclose also tend to make little to no mortgage payments prior to the foreclosure which gains them absolutely no tax advantage whatsoever. Many short sellers tend to continue making mortgage payments until the short sale, gaining them the advantage of being able to continue writting off their mortgage interest paid on this home for at least one for more tax year.


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