Short Sale FAQ

Frequently Asked Questions

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What is a real estate Short Sale?
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What are the benefits of selling your home as a Short Sale rather than letting it go to Foreclosure? 
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What is a deficiency judgment and how might it impact me? 
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What other options are there if I am behind on my mortgage and would like to try and keep my home before considering a short sale?
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Will the seller have to pay income tax on the forgiven debt?

 

If you have other questions about Short Sales, or any other real estate topic, please contact us