Short Sales - No Cost To You
Give me a call to set up a free consultation to see if a short sale is for you. I will present you with a package that out lines what a short sale is and what is needed to start a short sale.
Short Sales are being processed more efficiently these days.
You may even qualify for up to $3,000.00 in relocation expenses.
I work with top attorneys in the area who will negotiate your short sale at no cost to you. They are paid by the bank when the file closes.
Mortgage Debt Relieft Act of 2007With the Mortgage Debt Relief Act of 2007 (ends in 2012) homeowners are now exempt on primary residence up to $2 million dollars from taxation. This is a small window so action is important. There is also the issue of a Deficiency Judgment for the difference owed. Now with Senate Bill 931 the lender can no longer go after the borrower for a deficiency on first mortgage owner occupied homes.
Can I Short Sale a Non-Owner Occupied Property?Yes. If you receive a lien release you are not responsible for paying back the bank. However, you must consult with your CPA for tax consequences on Non Owner properties.