Short Sales Revisted
Over the past year short sales have been a very difficult with little success, but the tide is changing. Now that there are so many foreclosures occurring, banks are now starting to play ball when it comes to a short sale. Yes, they are still difficult but more and more are going through. The difference is some agents are now employing companies that only deal with short sales to aid in the transaction of a short sale. There may be tax liabilities in a short sale to the seller, so the seller should talk to a tax consultant before going through with a short sale.