A "Short-Sale" makes it possible for you to sell your house for less than what you owe, without having to pay anyone the difference. YOU WALK AWAY FROM THE HOUSE AND THE DEBT. An ideal solutions for those people in foreclosure in or near Jefferson County, Louisville.. and for them the Short.
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A short sale is often used as an alternative to foreclosure because it mitigates additional fees and costs for both the creditor and borrower. The negative impact on the borrower’s credit score is typically smaller in a short sale than in a foreclosure, but a short sale usually involves a lot more paperwork for all parties.
A short sale can be an excellent solution for a homeowner who owes more on. The foreclosing party (in most cases a lender) can stall a foreclosure up to the.
A short sale is a tool sometimes used to avoid foreclosure.. you are interested in relinquishing the property, a short sale is a preferable solution to foreclosure.
Wondering how to find short sales and foreclosure properties in your own. If the homeowner fails to pay the balance due or negotiate a solution with the lender,
Our solutions are tailored to the unique needs of each client, minimizing what could be a very adverse outcome. Our firm remains on the cutting edge of ever-changing tax laws. We help you through this process by: Performing an analysis on the potential tax exposure from the short sale or foreclosure;
/ Foreclosure Solutions / Short Sale – It can work in Canada too!! August 27, The lawyer negotiated a short sale with the lender and he has agreed to accept $10,000 less than the amount owned on the 2 nd mortgage. The deal has closed this week.
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Whether you should do a short sale or let the home go to foreclosure depends on several factors. While for some homeowners, it is easier to throw up their hands and let the bank take the home, that might not be the wisest thing to do.