FAQs

Please find some of the more common frequently asked questions regarding short sales.  If you don't see your question, please feel free to contact us and we'll be sure to answer it for you.

What is a short sale?
How do I qualify for a Short Sale?
What are the benefits of a short sale vs. a foreclosure?
How much does it cost to sell my home on a short sale?
Do I have to pay taxes on a Short Sale?
What is the Mortgage Debt Forgiveness Act?
Does a short sale stop my foreclosure?
Can you give some hardship examples for a short sale?
Can I still do a short sale if I have more than one mortgage?
What is a Sheriff's Sale?
Does a bankruptcy ruin the changes for a short sale?
What is the redemption period?
What is a BPO?
Will I get a deficiency judgment?