Tax Consequences of Short Sales vs. Foreclosures

Real Estate Agent with Century 21 Redwood Realty

Tax Consequences for a Short Sale Vs. Foreclosure

I have listed many, many short sales and one questions that comes up at almost every listing appointment is, "What are my tax consequences?". I must say that I got very excited whenever I saw a great, easy to ready article explaining information that I can't give advice about. Take a couple of minutes and read the article listed below. It's extremely important that as a responsible seller, you understand your consequences before you enlist the services of a Real Estate Agent.

Tax Consequences of a "Short Sale" of Real Estate vs. Foreclosure by Michael Gray, CPA

As a licensed Realtor, I'm in no place to give any advice regarding any tax related issues and I will disclaim that you should contact your CPA if you have any further questions. If you need a referral for an excellent Virginia CPA, please contact me and I'm happy to send you one.

Opening Doors from Loudoun to Winchester VA - Cindy Greenya, REALTOR, NVAR Multi Million Dollar Producer
EXIT Realty Talbot and Company is one of the fastest growing real estate firms. I specialize in helping investors, buyers, and sellers invest in real estate in Loudoun, Clarke, Winchester City, and Frederick Counties including Sterling, Leesburg, Hamilton, Round Hill, Purcellville, Berryville, Clear Brook, Stephenson, Winchester, and surrounding areas. You will have step by step guidance and access to resources to make the move as seemless as possible. Call us today at 703-795-5904.

Comments (0)