You Can’t Short Sale
Tuesday, July 7th, 2009
http://www.squidoo.com/shortsaleaid
How To Do a Short Sale
Why Would a Lender Accept a Short Sale?
A short sale in real estate is not always a pleasant transaction.
There are many ways to lose a home but signing away ownership in a manner that destroys credit, embarrasses the family and strips an owner of dignity is one of the hardest. For owners who can no longer afford to keep mortgage payments current, there are alternatives to bankruptcy or foreclosure proceedings. One of those options is called a “short sale.”
More than half of my sales in Sacramento over the past few years are short sales. That’s how prominent short sales have become.
When lenders agree to do a short sale in real estate, it means the lender is accepting less than the total amount due. Not all lenders will accept short sales or discounted payoffs, especially if it would make more financial sense to foreclose; moreover, not all sellers nor all properties qualify for short sales.
If you are considering buying a short sale, there could be drawbacks. For your protection, I suggest that all borrowers:
* Obtain legal advice from a competent real estate lawyer
* Call an accountant to discuss short sale tax ramifications
As a real estate agent, I am not licensed as a lawyer nor a CPA and cannot advise on those consequences. Except for certain conditions pursuant to the Mortgage Forgiveness Debt Relief Act of 2007, be aware the I.R.S. could consider debt forgiveness as income, and there is no guarantee that a lender who accepts a short sale will not legally pursue a borrower for the difference between the amount owed and the amount paid. In some states, this amount is known as a deficiency. A lawyer can determine whether your loan qualifies for a deficiency judgment or claim.
By Elizabeth Weintraub, About.com
Duration : 0:7:44
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When Harry’s boss Doug starts deducting income tax from Harry’s paycheck, the Solomons realize that they have never filed a tax return and that they owe $9500 to the government. To combat this, they invent the ‘brilliant’ notion of lying on their tax return and Dick reworks the sums so that the government owes them several hundred thousand dollars. Sally attempts to help by setting up a failed home hairdressing business, but when women start arriving for haircuts, Harry and Tommy ‘camp up …
When Harry’s boss Doug starts deducting income tax from Harry’s paycheck, the Solomons realize that they have never filed a tax return and that they owe $9500 to the government. To combat this, they invent the ‘brilliant’ notion of lying on their tax return and Dick reworks the sums so that the government owes them several hundred thousand dollars. Sally attempts to help by setting up a failed home hairdressing business, but when women start arriving for haircuts, Harry and Tommy ‘camp up …
When Harry’s boss Doug starts deducting income tax from Harry’s paycheck, the Solomons realize that they have never filed a tax return and that they owe $9500 to the government. To combat this, they invent the ‘brilliant’ notion of lying on their tax return and Dick reworks the sums so that the government owes them several hundred thousand dollars. Sally attempts to help by setting up a failed home hairdressing business, but when women start arriving for haircuts, Harry and Tommy ‘camp up …
improvisiert,keine HQ
this video is dedicated to my friends quinn and Amy. ^-^ i got the idea from amy when we were talking about doing this song and i now that i will have to sneak out to get to her house so until i can go to josh’s house the next time i made this for her and quinn. LOVE JEREMIAH AND ALYSIA
Sorry Its Hard To Read So Here’s All The Words Below Please Pass This Video On— Suggestions and Facts Are Different things The Facts Are As Follows: Who: Mr.Getz,owner of Moline Forge,as well as a member of numerous councils,and the Rock Island county Republican Party Committee chaired by,Sue Carpentier,took a committee vote on the support of 1% sales tax increase for Rock Island County. Seven yea including chair woman,in support of tax increase,two no votes against this tax increase. The …
There's no official video for this song ( I think ) , so i thought , I make one .