We have a lot of killer short sale info for today.
Starting with J.P. Moses’ interview with Oklahoma short sale newbie Ron Harris, we have his excellent interview detailing how Ron pulled off two short sales, grossing $40,000 with no rehabbing.
Also J.P. gives an outline of what’s covered in the interview, which I think is particularly helpful.
Also, Illinois Realtor Julie Harris has a FAQ short sale list that covers basic short sale questions, such as "Will I owe any taxes on the deficiency?" The answer is ‘no’, thank goodness.
This FAQ list was written primarily for realtors who are finding themselves suddenly doing short sales, but it’s a good resource for all of us.
More short sale articles
More homeowners choose to brave world of short sales Nashville homeowner Shannon Hancock sells her home with a short sale after her mortgage escalates from $1310 per month from $940. Shows the desperation of some homeowners looking to sell their money traps…
Big loans, short sales An Indian writer’s prospective on American real estate and short sales. He quotes Moody’s Economy.com that there are 10 million homeowners with negative equity.