Yet, we made it through a major financial downturn, managing to adjust our business plan to assist in ways the market most needed us by
focusing on short sales and property management.
The key to our success was because we were sharing honest valuable content with others
on the short sale process, which led to a ton of business.
If you are selling a property and it is not your principle residence you will be paying
taxes on the short sale deficiency that is forgiven!
Many consumers have reported considerable delays and uncertainties associated with making an offer
on a short sale home.
The problems center around lack of response from
lenders on a short sale offer, which often takes 60 days and sometimes up to six months, the survey showed.
They are playing a game or racing the court house clock and hoping to close
on their short sale before the date of the final judgment.
Able to pay monthly mortgage until settled elsewhere, then need to
decide on short sale, Chapter 7, or what?
If you are selling a property and it is not your principle residence you will be paying taxes
on the short sale deficiency that is forgiven!
Alternatively, if the market falls, the bad «short» stocks should fall more than the good «long» stocks, so
gains on the short sales should exceed losses.
Do not make the mistake of picking an agent that does not understand how to get to the closing
table on a short sale.
Update on our short sale: I've been letting you guys in on how it's going and we were supposed to receive in writing last week our approval for the short sale.
There are so many short sales that never reach the closing table because they agents were not well
versed on short sale procedures.
There are so many short sales that never reach the closing table because they agents were not well versed
on short sale procedures.
Before a lender signs
off on a short sale, it requires proof that the borrower doesn't have any other assets — even retirement accounts.
I presented an offer in the beginning of this
month on a short sale property that me and my family loves.