Sentences with phrase «note after a short sale»
* note that if the sale is not negotiated correctly, the seller may have to pay tax liability (1099), or even a promissory note after a short sale is complete.
https://www.vahomeloancenters.org/
Because of this distinction, sellers who are already in default on a mortgage and do not have the resources to pay off a separate promissory note after a short sale might be better off letting the lender foreclose, he says.
Not exact matches
NOTE: Veterans who use VA Home Loan Centers for short sale assistance (per law) will not be charged interest beyond 210 days after last payment plus the length of time by state for a foreclosure to conclude.
As an article in The New York Times notes «there are plenty of asterisks and conditions» when it comes to how long a borrower must wait after a «significant derogatory event,» like a foreclosure or short sale.