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LegalCornerTM - Law By Subject - Short Sales

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Short Sales



FAQS
What is a Short Sale?
When should a short sale be considered?
Will a lender allow a short sale if the seller has a fair amount of equity?
What documents will I need for a short sale?
Is proving a Financial Hardship essential to getting the lender to agree to a short sale?
If I try to do a short sale, what is the process?
If a seller is in bankruptcy, will that affect the short sale of the property?
What are the tax implications if I do a short sale?
How does a realtor or real estate agent get paid in a short sale?
Why would my lender agree to a short sale?
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