Shanti S's Page
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- First Name
- Shanti
- Last Name
- S
- State
- MI
- City
- Walled Lake
Shanti S's Blog
After Foreclosure what is the benefit of Short Sale
Posted on December 10, 2010 at 6:04am 0 Comments 0 Likes
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,…
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