I am getting ready to list my first short sale. I have wrote on short sales before but I have never listed one. I know that I have a lot to learn and that jumping right in and getting my feet wet is probably the only way that I will learn. I did a lot of research and took classes offered by local attorneys on short sales to try and educated myself. But that was over a year ago. I have heard that some things have changed. Such as, the seller (current homeowner) is no longer issued a unsecured promissory note? However, they will still be 1099 at the end of the year? Is this true?
I am going to co-list this listing with an experienced short sale agent to try to learn more and make this a smooth transaction as possible :)