Short Sales

Apr 15th 2010
Posted By: Georgia Bell @ 12:04pm In:   General

Of course, everyone these days is curious about a short sale and the procedure

Here are a few items that may be interesting

Each potential short sale is considered on a case by case basis

A borrower whose mortgage payments are up to date will NOT be considered for a short sale unless there is proof of iminent hardship

Any possible tax implications must be reviewed by the seller's tax attorney and/or tax accountant or CPA

This must be an arm's length transaction. The seller's family members may not make the purchase. This would also include any business associates.

If you are considering selling your home as a short sale, please contact me for further help.

I would be more than happy to talk with you. I have had a series of courses on short sales and foreclosures and am certified as a Loss Mitigation Specialist

 

 



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Georgia Bell on Zillow
My real estate in Charleston