short sale Archives - Symmes Law Group

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Tag: short sale

Why A Short Sale May Not Solve All of Your Debt Problems

Anderson points out that three reasons for not going forward with a short sale are (1) that a short sale that does not pay all debt against the property, may leave a balance due that can be collected on by the creditor, (2) a short sale can result in debt cancellation income that is reported on on the homeowner’s tax return, and (3) a short sale resolves no issues other than the ownership of the home.

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