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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? More FAQs... Articles Coming Soon! Forms Coming Soon!

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