RSS

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.

Advertisements
 
1 Comment

Posted by on February 10, 2010 in Uncategorized

 

Tags: ,

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.

     

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: