Another round of SS question
OK - so I am trying to make clear my understanding of short sales...
A while back I remember a post (when I was not interested in short sales so I did not really abosrb) that was talking about the seller getting taxes on the short sale amount, a short sale on their credit or flat out owing the bank the remaining balance...
Was there a way around this? Do you just ask the bank to do none of these things?
OK - on to the next question.... Does the time since the loan was originated make a difference? Example - the property we are looking at was purchase 6 months ago. Are they going to say that not much could change in 6 months since they did an appraisal for the purchase?
Thanks In advance
Drifter
Did you read the short sale steps topic in this forum by Dwan?