One of the biggest reasons to list your home as a short sale is that the bank pays all of the sellers closing costs. This includes paying for commissions, property taxes and normal closing costs. Sometimes, if a seller is nearly in an equity situation, it is still more advantageous to do a short sale because otherwise the seller has to pay these costs and repairs and inspections as well. With SB458 to remove deficiency and the Tax Relief Act to often remove taxation.. short sales rocks!
If you're unsure of the specifics of the short sale process, or if you want a clear understanding of your home selling or saving options, give me a call or contact me on The Real Estate Doctor website. Clarity, hope and relief is just one phone call away. Call me. I can help you.
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