Short Sale & Credit Score?
the bank accept a short sale,... can in the closing the attorney (representing the note holder "seller"
draft aform or a letter to make sure that the bank dose not report the short sasle to the creditors to save the sellers credit from getting affected.
Thanks
are u asking or are u saying.....??
There are circumstances where the homeowner can exclude the debt forgiveness from income for federal purposes. The seller should seek a competent tax advisor on this to determine the federal/state tax implications BEFORE concluding the deal so they can weigh their options and base their decisions on an informed opinion.