Posts Tagged ‘Short’

One of the major concerns that a short seller of a home (someone forced to sell their real estate for less than the mortgage owed on it) is the effect it will have upon their credit according to Portland real estate agent and short sale expert Dennis Gorton.

paydayloansperrisca.com (866) 514-3266 If your financial state has spun out of control, your best move may be your applying for fast payday loans or online payday loans from Payday Loans Perris . Payday Loans Perris is your one stop connection to the payday loans that come in…

Summary Box: Gov’t promotes ’short sales’
EXIT STRATEGY: The Obama administration on Monday launched an effort to make it easier for borrowers who owe more on their mortgages than their properties are worth to sell their homes.

Read more on AP via Yahoo! News

I am in the process of trying to short sale my parent’s home. I have listed it with a realtor and now am required to give all of my personal information to the mortgage company as well as the realtor to negotiate the short sale. This house is also in probate. I have accepted an offer for the sale of the house however I am now required to give all of my personal information and financial information such as my SSN number, how much I make, what I owe, how much I have in my bank accounts, what liquid assets I have…
My question is if I am only an heir and an executor and I will receive nothing from the estate, why am I required to give all of this information to the person handling the short sale? If so, am I responsible for taxes after the short sale has been approved? Will the credit profile for my parent’s house get mixed up with mine? Why would a short sale be better than foreclosure since I am not the borrower and my parents are now deceased?