Short Sales Resource Guide & IRS Debt Cancellation Q&A
Online Exclusive: Short Sales Resource Guide
Just ran across this page on Realtor.org and thought it might be of interest especially when many are facing the prospect of short-selling their home.
One link of particular interest on that page was a link to the IRS questions and answers on Debt Cancellation and Foreclosures.
For homeowners or other sellers (of commercial real estate, for example), short sales may be a way out of bad financial situation that could get worse (through foreclosure, for example). For investors and other buyers, short sales could be an good opportunity to buy a decent property at a very good price.
Do you have any other specific questions about short sales?
Short sale definition: a short sale is when a homeowner sells a house for less than what they owe on the house with their lender(s)'s permission.
Tags: shortsale, short-selling, realtor.org, foreclosures, debt cancellation, real estate investors, short sale specialist, maryland short sales
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