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debt forgiveness: Seven Questions to Consider Before Taking a Short Sale Listing - 09/09/09 11:20 PM
Before taking a short sale listing, every Realtor (and Broker) should consider the following 7 questions: Have you as the Realtor asked the Client if the Client has consulted with their accountant or tax advisor on the issues of capital gains (and losses if nonresidential property) and debt forgiveness? Have you as the Realtor asked the Client if the Client has discussed with their accountant or tax advisor the tax consequences to the Client of the short sale? Have you as the Realtor considered (or consulted with their Broker) whether the failure of the Realtor to ask the foregoing questions
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