Deciding whether or not to short sale your Somerset County home is a big decision. It is not for the faint of heart, and is not a solution simply because you are unhappy your home is worth less than when you bought it. For a homeowner to successfully short sale a home, they need to be experiencing a genuine financial hardship. Once you have established that you are eligible for a short sale, it's important to understand how a short sale will impact you - negatively. Primarily, a short sale will impact you in three ways: credit damage, tax liability and remaining debt liability.
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