Comments on: Short Sale vs Foreclosure and the Potential Outcome http://www.up2daterealestate.com/2009/03/19/short-sale-vs-foreclosure-and-the-potential-outcome/ Brought to you by Doug and Deena Willis Tue, 29 Jun 2010 22:34:52 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: TeresaB http://www.up2daterealestate.com/2009/03/19/short-sale-vs-foreclosure-and-the-potential-outcome/comment-page-1/#comment-7331 TeresaB Thu, 28 May 2009 15:46:26 +0000 http://www.up2daterealestate.com/?p=1225#comment-7331 You don't mention anything about the 'gap' that exists when a short sale amount is significantly lower than the mortgage balance. For example, presenting the lender with a $55,000 offer on a $150,000 balance. Especially when the property isn't a primary residence. Aren't there serious tax implications in this scenario that aren't noted in the above chart? You don’t mention anything about the ‘gap’ that exists when a short sale amount is significantly lower than the mortgage balance. For example, presenting the lender with a $55,000 offer on a $150,000 balance. Especially when the property isn’t a primary residence. Aren’t there serious tax implications in this scenario that aren’t noted in the above chart?

]]> By: Doug Willis http://www.up2daterealestate.com/2009/03/19/short-sale-vs-foreclosure-and-the-potential-outcome/comment-page-1/#comment-4551 Doug Willis Fri, 20 Mar 2009 19:52:25 +0000 http://www.up2daterealestate.com/?p=1225#comment-4551 Ann, Thank you for the information. Hopefully people will utilize this great resource. Ann,

Thank you for the information. Hopefully people will utilize this great resource.

]]> By: Ann Erdman http://www.up2daterealestate.com/2009/03/19/short-sale-vs-foreclosure-and-the-potential-outcome/comment-page-1/#comment-4525 Ann Erdman Thu, 19 Mar 2009 19:48:53 +0000 http://www.up2daterealestate.com/?p=1225#comment-4525 The City of Paadena is sponsoring an opportunity this coming Saturday for people at risk of losing their homes to meet one-on-one with lenders and others to carefully review their loan documents and find solutions. More info at www.cityofpasadena.net/publicaffairs/news/HW_Workshop_2.asp The City of Paadena is sponsoring an opportunity this coming Saturday for people at risk of losing their homes to meet one-on-one with lenders and others to carefully review their loan documents and find solutions. More info at http://www.cityofpasadena.net/publicaffairs/news/HW_Workshop_2.asp

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