Short sales surged in 2012 mainly because of a national mortgage deal that force banks to offer consumers housing relief. About two-thirds of the help offered California borrowers arrived in the form of a short sale.
Mortgage debt that’s been forgiven by lenders in a short sale is typically taxable, which means money coming out of borrowers pocketbooks.
If you have determined that you like to move forward in a short sale, there are three questions determining that path. See Complete Article Here
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