How Do Short Sales Benefit Buyers?

Answer Short sales can offer benefits to lenders, sellers and buyers, but these benefits typically come at a price. Short sales are named for their lower prices, not the time it takes for the sale to be p... Read More »

Top Q&A For: How Do Short Sales Benefit Buyers

Are short term disability benefit payments taxable for an employer provided and paid short term disability plan?

Answer Yes, all employer paid benefits and wages are taxable. There is a way around that if you are an executive. 4lifeguild

Short Sales and Tax Implications With the IRS?

Short sales are considered cancellation of debt. The canceled debt amount is normally taxable income, according to the IRS' regulations. However, the 2007 Mortgage Forgiveness Debt Relief Act provi... Read More »

Short Sales Defined?

A short sale on a home does not mean a quick sale. A short sale is an agreement between a homeowner and a mortgage company to sell the home for less than the current mortgage balance. A short sale ... Read More »

Types of Short Sales?

Short sales occur when a homeowner is unable to maintain a mortgage payment and is in danger of losing her property to foreclosure. While a short sale does not allow the owner to keep the property,... Read More »