What is a Short Sale?

A short sale is a sale of real estate in which the sale proceeds fall short of the balance owed on the property's loan.[1] It often occurs when a borrower cannot pay the mortgage loan on their property, but the lender decides that selling the property at a moderate loss is better than pressing the current debtor. Both parties consent to the short sale process, because it allows them to avoid foreclosure, which involves hefty fees for the bank and poorer credit report outcomes for the borrowers.

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[unrepentantamerican]

THANKS FOR ASKING YOU NEED TO NEGOTIATE THAT WITH THE BANK THAT YOU ARE DEALING WITH SORRY ABOUT THE DELAY IVE BEEN DEALING WITH SOME OTHER ISSUES BUT IM BACK NOW LOOK FOR MORE DETAILED VIDS

UNREPENTANTAMERICAN

[real80smusic]

my question is how do you get out of a 1099? like what do some people do to avoid paying them?

[unrepentantamerican]

@real80smusic SORRY ABOUT THE DELAY IT IS REALLY IMPORTANT THAT YOU MAKE IT PART OF YOUR SHORT SALE AGREEMENT YOU WANT THE LETTER TO READ THAT THE DEBT IS FORGIVEN

[unrepentantamerican]

@real80smusic

you cant avoid paying its just what your particular state has done most primary houses are exempt except in some states you need to negotiate with the bank when entering into a short sale for no 1099