Real estate blog entries tagged with short sale by Jax Coast Realty, Inc

Channels
Consumer
Professional
States
USA
- AL
- AK
- AZ
- AR
- CA
- CO
- CT
- DE
- DC
- FL
- GA
- HI
- ID
- IL
- IN
- IA
- KS
- KY
- LA
- ME
- MD
- MA
- MI
- MN
- MS
- MO
- MT
- NE
- NV
- NH
- NJ
- NM
- NY
- NC
- ND
- OH
- OK
- OR
- PA
- RI
- SC
- SD
- TN
- TX
- VI
- UT
- VT
- VA
- WA
- WV
- WI
- WY
Canada
- AB
- BC
- MB
- NB
- NL
- NT
- NS
- NU
- ON
- PE
- QC
- SK
- YN

Home : Blogs : Steven Leitman : Steven Leitman's Blog : Tag "short sale"

short sale: Short Sale Tip - 11/15/07 08:29 AM

This past weekend, I read two articles on short sales in our local paper. One crucial point that was not mentioned is that upon the conclusion of the short sale the lender can still pursue a deficiency judgment against the home owner or issue a 1099 to the home owner for the amount of loss suffered by the lender. If you are negotiating a short sale make sure to obtain a wirtten agreement from the lender waiving their right to a deficiency judgment or issuance of a 1099 Not all lenders will agree but it doesn't hurt to ask. … (7 comments)

Related Links:

Steven Leitman

Jacksonville, FL

More about me…

Jax Coast Realty, Inc

Address: 252 3rd Street, Neptune Beach, Fl, 32266

Office Phone: (904) 732-5867 x 2

Cell Phone: (904) 463-2868

Email Me

Links

Archives

November 2007 (1)

Find FL real estate agents and Jacksonville real estate on ActiveRain.

Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.