Types Of Short Sales

Home Foreclosure and Debt Cancellation | Internal Revenue Service – A reportable gain from the disposition of the home (because foreclosures are treated like sales for tax purposes).(Note: Often some or all of the gain from the sale of a personal residence qualifies for exclusion from income.) Use the following steps to compute the income to be reported from a foreclosure:

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Short Sale Fraud: Three Scams to Avoid | Nolo – A short sale is a sale of a property where the proceeds of the sale are less than the balance owed on the mortgage loan. short sale fraud schemes come in different guises, but a few are more common than others.

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What Are the Types of Foreclosure?. The Notice of Foreclosure Sale (NFS), which announces date, time and place of the auction, is published and sometimes posted (depending on the locale) for a certain period of time prior to auction.

Basic Types Of Short Sale | The Quintin Group – A short sale in California, for example, is different from a short sale in Florida, because the laws are different. The 3 Types of Short Sale Loans. How a lender responds to a short sale request varies with the type of loan. There are 3 basic types of loans that affect a short sale, especially in trust deed states such as California and Arizona.

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The Three Types of Foreclosures There are three ways to acquire distressed property , based on where the property lies in the foreclosure process. The three stages are as follows: pre-foreclosure, foreclosure, and post-foreclosure.

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