What Possible Implications Of A Short Sale Should I Be Aware Of?

Hello everyone my name is Kelly Cook with the Cook & Associates Real Estate Advisors, your :k1: short sale specialist, thank you for your time today. I work with The Real Brokerage in the :k1: region and use this blog to keep distressed property owners informed on their options for avoiding foreclosure. If you are currently behind on your mortgage or need to sell your home fast please take a minute to browse my website or call my office to chat with a distressed property expert about your options.

For my blog today I wanted to chat with :k1: homeowners about a commonly asked question that pertains to preparing for a short sale. Even homeowners who have knowledge of a short sale from friends or family are not always aware of what in my opinion are the three biggest things to be aware of when completing a short sale. The first thing is that :k1: homeowners need to be aware of the credit implications involved in a short sale what affects they will have down the road. Second, a homeowner should be aware of the possible tax consequences, or how to avoid them, of completing a short sale. And third, the deficiencies that exist on your :k1: home will need to be settled as part of a short sale in order to release you from that debt. While these are quick explanations of important things to be aware during a short sale I can certainly elaborate on all them in a free consultation over the phone or via e-mail.

If you are considering a short sale, or any other options for avoiding foreclosure, please fill out a contact form on my website or call me today to have your questions answered. On my website you can also find our Short Or Stay Calculator that may help you determine if a short sale is right for you. Thank you for your time and I look forward to helping you in the future with all of your :k1: real estate needs.