Short Sale Talking Points

Sellers facing serious hardship have found that banks are considering short sale offers prior to foreclosing on a property. The bank benefits by the quick disposal of a problem situation and is usually willing to talk, if you follow their rules precisely. Some are more cooperative than others.

In addition to the advice I give in the video below remember to discuss the tax implications of a short sale with your financial advisor. It is critical you involve an expert to understand the financial implications of debt forgiveness.

Use the video to spark discussions with your Realtor®. There are many more facets that you need to review. Short Sales can benefit both the Buyer and the Seller, but you must know what you are getting into before you start.