Shanti S's Blog (1)

After Foreclosure what is the benefit of Short Sale

After Foreclosure, is it a good idea to do short sale in the redemption period:

1. My house is foreclosed in the month of November, Now I am in the 6 months redemption period. On the sheriff sale date, bank re-purchased with FULL PRICE. What I understand is in Michigan if bank purchased the lone with full price I am not woe any thing to bank. But do I have to pay any tax to IRS for the difference amount?

2. I have a buyer willing to buy the house for short sale,…

Continue

Added by Shanti S on December 10, 2010 at 6:04am — No Comments

Latest Blog Posts

After Foreclosure what is the benefit of Short Sale

Monthly Archives

2010

December (1)

Welcome to
Short Sale Superstars

Sign Up
or Sign In

Or sign in with:

Members

View All

Badges | Report an Issue | Terms of Service

Short Sale Superstars, LLC and www.ShortSaleSuperstars.com does not endorse the real estate agents, loan officers, attorneys, real estate brokers and other participants listed on this site. These real estate profiles, blogs, blog entries and forums are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a short sale. Short Sale Superstars, LLC takes no responsibility for the content on these pages that are written by the members of this community.

Shanti S's Blog (1)

After Foreclosure what is the benefit of Short Sale

Latest Blog Posts

Most Popular Blog Posts

Monthly Archives

Members