You’ve probably heard you can use a short sale to avoid foreclosure. It’s a great option, but how do you know if it’s the right choice for you…
- What is the short sale process? Will I qualify
- What happens to the debt after a short sale? Will I owe taxes?
- What documents are required by the bank?
- How is the government involved in a short sale? What is HAFA?
Banks are aggressively approving short sales because they typically end up with more money than when they have to foreclose.Currently, some banks are offering very high short sale incentives to entice homeowner(s)/borrower(s) to agree to short sale their properties.
