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Short Sales and Foreclosures
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Sellers in Foreclosure
It's all too common for sellers in foreclosure to want to ignore the problem and hope it will go away. Some stick their heads in the sand. But help is available. Sellers in foreclosure have options.
- How to Stop Foreclosure can help sellers keep a home through reinstatement, forbearance, mortgage modifications or repayment plans.
- Short Sales for Sellers clarifies how to transfer title to a buyer before the redemption period ends by persuading the lender to accept less than the unpaid mortgage balance. Not all lenders will accept a short sale. Negotiation is key.
- Foreclosure and Short Sale Taxes I.R.S. will treats a foreclosure or short sale differently for tax purposes. It's called debt forgiveness, and until tax rules change, sellers could owe the government taxes even though sellers lost money on the sale.
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Buying Foreclosures & Short Sale Homes
- Buying Short Sales the process is complicated and can take much longer to close than an ordinary transaction.
- Buying Foreclosures involves time consuming negotiating directly with the seller and/or lender. Time, patience and understanding is necessary in this process. Let a real estate agent who understands how to deal with lenders assist and guide you through this timely process. Buyers who will benefit from getting as much information as possible beforehand from an experienced real estate agent.
CALL ME TODAY FOR MORE INFORMATION
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