Category Archives: Short Sales
Tax Information Regarding Short Sales
For many homeowners who either purchased property in the years 2005-2008 or borrowed against their equity during this period a timely article is written which explains some of the tax considerations with short sales. As always, please consult your accountant … Continue reading
Short Sales Get Easier
While the banking industry has had established procedures and personnel for many years to facilitate the sale of bank owned properties, the short sale phenomena threw everyone into a tailspin. Lacking procedures, personnel and standard practices made it difficult to … Continue reading
The Myths and Facts of Short Sales: Part 2
{Continued from previous article} Myth #3 is that once an owner signs and accepts a short sale offer, the buyer is pretty much assured that the sale will go thru. This is seriously not true! Acceptance by the current owner … Continue reading
The Myths and Facts of Short Sales: Part 1
The most talked about phenomena that I get questioned about in today’s real estate world is short sales. There are lots of myths and misunderstanding surrounding this topic. Myth #1 is that “short sale” equals “good deal”. Short sale means … Continue reading