What Is a Short Sale?
In the past, trying to sell a property while still owing a hefty portion of the mortgage was unnecessarily difficult.
Hiring the Best Short Sale Agent in NJ
Here are some important factors to consider when hiring a short sale agent #1 Short Sale Experience: Short sales can be extremely complex. Some of the complexities include detailed program [...]
Using a Short Sale Agent that Knows Your Rights
Using a Short Sale Agent that knows your rights. NJ Law Establishes New Short Sale Process for Residential Mortgage Foreclosures When considering a short sale, using a short sale agent [...]
Avoid Taxes on a Short Sale
The Internal Revenue Code provides for an insolvency exclusion which exempts forgiven debt for a taxpayer, to the extent of their insolvency. Insolvency is the difference between the taxpayer’s [...]
Which is Better? A Bankruptcy or a Short Sale
Bankruptcy is a legal process that may stop a foreclosure and allow you to reorganize your debt and keep assets. However, what really may happen, is the bankruptcy only delays the foreclosure — [...]
What are The Tax Implications of a Short Sale? Will I Have to Pay Taxes if I Do a Short Sale?
A short sale is when a homeowner sells their home for less than the remaining amount owed on the mortgage and the lender agrees to accept the proceeds from the sale in exchange for releasing the [...]
