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Home Owners - 5 Things You Need to Know About a "Short Sale"
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Home Owners - 5 Things You Need to Know About a "Short Sale"
Qualify For a Short Sale
Letter of Hardship
Dependent on a Buyer
Tax Consequences
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Page 2 of 5

#2 Before you eagerly climb aboard the short sale bandwagon, consider these four statements that determine whether you may qualify for a short sale. If you cannot answer TRUE to all four statements, you may not qualify for a short sale.


•        The home’s market value has dropped.

•        The mortgage is in or near default status.

•        The seller has fallen on hard times.

•        The seller has no assets.

 
 

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