Your Answers to:

 

Top 20 Questions about Orlando Short Sales

 

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1. What is a Short Sale?

2. Who pays the difference between the loan amount owed and the sales price sold?

3. Will I owe the difference to the lender?

4. Will I owe taxes on the forgiven debt?

5. Why would a lender want to accept a short sale?

6. How long will it take to do a short sale?

7. Do I need to move when I start a short sale?

8. If I make my payments on time during a short sale will my credit still be affected?

9. Is it true that I may not qualify for a short sale?

10. Who pays the closing costs to sell my home?

11.  Will I be able to buy a home after a short sale?

12. Can I lose my home to foreclosure during a short sale?

13. Who sets the price of my home?

14. Would I be eligible for a government short sale aka HAFA short sale?

15. Can my spouse or a relative who’s not on the loan buy my house at todays value?

16. Does it make sense for me to do a short sale?

17. What paperwork and financial information do I need to provide to the bank for a short sale?

18. How will a short sale affect my credit and score?

19. Can I use any realtor to do a short sale?

20. Can you personally Help me with my short sale?

Video Answers to your Questions:

 

 

1.  What is a Short Sale?

 

 

 

2. Who pays the difference between the loan amount owed and the sales price sold?

 

 

 

3. Will I owe the difference to the lender?

 

 

 

4. Will I owe taxes on the forgiven debt?

 

 

 

5. Why would a lender want to accept a short sale?

 

 

 

 

6. How long will it take to do a short sale?

 

 

7. Do I need to move when I start a short sale?

 

 

8. If I make my payments on time during a short sale will my credit still be affected?

 

 

9. Is it true that I may not qualify for a short sale?

 

 

 

10. Who pays the closing costs to sell my home?

 

 

 

11. Will I be able to buy a home after a short sale?

 

 

 

12. Can I lose my home to foreclosure during a short sale?

 

 

 

 

13. Who sets the price of my home?

 

 

 

 

14. Would I be eligible for a government short sale aka HAFA short sale?

 

 

 

 

15. Can my spouse or a relative who’s not on the loan buy my house at todays value?

 

 

 

 

16. Does it make sense for me to do a short sale?

 

 

 

 

17. What paperwork and financial information do I need to provide to the bank for a short sale?

 

 

 

 

18. How will a short sale affect my credit and score?

 

 

 

 

19. Can I use any realtor to do a short sale?

 

 

 

 

20. Can you personally Help me with my short sale?