Sometimes the homeowner needs to worry about success more after the short sale is complete.
Technically, the seller is liable for the difference in property sales price versus previous loan balance as a tax liability as income. The Federal government has taken care of that through 2012, but you need to consider state liabilities also. The seller also has to make sure any second obligations are settled or be liable in a few year when they recover.
A good short sale firm will take care of all those hidden loopholes.
I represent a great short sale company.
This YouTube video says it all. Go here: How to Get A Beneficial Mortgage Modification Now Please ‘Like’ the video, will you?
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tags: short sale, do it yourself short sale, rest report, avoid foreclosure, stop foreclosure, prevent foreclosure, foreclosure alternatives, self negotiated short sale, negotiate mortgage deficiency, negotiate short sale, investor negotiated short sale, discharge mortgage deficiency, homeowner negotiated short sale, hafa, home affordable foreclosure assistance,
Originally posted 2009-07-31 20:34:31. Republished by Blog Post Promoter
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Hi,
Interesting, I`ll quote it on my site later.
Elcorin
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