Selling your home in a short sale is better than going into foreclosure, but you might face a deficiency judgment from your lender. Q: In one of your recent columns, you referred to the term deficiency judgment when discussing a short sale. What if you closed on a short sale, but the lender reserved the [...]
Short sales are the only options for many homeowners, but its tax implications continue to affect the housing market. There is very little that makes short sellers happy these days. But we recently heard from one who finally at least made peace with his problem. It took two years, but our correspondent finally closed on [...]
If you have a tax lien, you will have to either pay it off or work with the IRS to have them release it before you can complete a short sale. Q: If my bank approves a short sell for my house but I have a federal tax lien for underpayment of taxes in '08 [...]
With housing values continuing to fall and mortgage interest rates at record lows, this has to be the best time in decades to buy a property – if you have the cash and credit to get to the closing table. In the latest set of numbers, the National Association of Realtors reported that more than [...]
The hidden costs of short sales, strategic default and foreclosure. Hidden costs of short sales. Hidden costs of default. Hidden costs of foreclosure. The hidden costs of strategic default option for underwater homeowners. The hidden costs of foreclosure and short sale for underwater homeowners. Collection agencies, bad credit, deficiency judgment hidden costs of short sales, strategic default and foreclosure.
A short sale is a real estate property that is selling for less than its mortgage. A good real estate agent, namely a buyer's agent can help you get a good deal on the short sale property. To find a good buyer's agent, you should contact the top real estate companies that represent many short sales on the housing market. A great buyer's agent is the key to a successful short sale purchase, or any real estate transaction.
