- Can Lenders Collect from you for additional funds to cover losses that are called deficiencies.
- What are the tax Implications for debts forgiven.
2.What are the alternatives available to you with your home such as home redemption to ensure that you are fully aware of these possible solutions and the assistance that is available.
3.What is the process of qualifying for short sale - Yes there is a process and yes you do need to qualify. There are principles and due considerations that lenders will apply in reviewing any short sale pack that has been presented to them. We know how to leverage and to negotiate with Loss Mitigation Departments to attempt to achieve the best possible outcome.
4.Build your short sale pack - This pack is the entire file that is submitted to lenders once you have offers on your home that is listed for short sale.
5.Prepare and list your home for sale with appropriate marketing, and to realize the best possible market impact on sale.
6. Maintain progress and ongoing transaction updates for all concerned to keep the parties motivated and interested in continuing.
