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ron mowery realtor: Overland Park Short Sale Q & A: The Second Mortgage Wants More Than The First Mortgage Will Give Them - 09/15/11 12:24 AM
Overland Park KS – The Stop Foreclosure Institute recently received a question from Aggie. Here was Aggie’s Question.
“We received a short sale approval on the 1st. They will only pay the second mortgage $3,000. The problem is that the second mortgage wants $5,500.
We are arguing back and forth with the second mortgage. The negotiator there said management decided they won't take less.
I told her the final decision should come from the investors not from management. Any help greatly appreciated. Aggie.
” Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
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ron mowery realtor: Overland Park Short Sales: Will I Owe Income Tax After A Short Sale? - 01/05/11 05:31 PM

Overland Park KS – This is one of the first questions potential short sale sellers ask us. “I heard of something called “forgiveness of debt income and that it is taxable. How does that work?” they ask.
The following article is my personal opinion only. I recommend that you consult with a competent legal or tax professional before moving forward with a short sale.
In most cases the answer is that a short sale will usually not cause you to owe income tax.
Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.
It used … (1 comments)

 
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Overland Park Realtor, Ron Mowery

Overland Park, KS

More about me…

Keller Williams Realty Partners, Inc.

Address: 11005 Metcalf Avenue, Overland Park, KS, 66221

Office Phone: (913) 825-4025

Cell Phone: (913) 269-0479

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