Staff Website Endless REsources.........

Get a Grip on Short Sales

A compilation of articles and resources from REALTOR® magazine to help you learn more about this growing, but complicated, niche.

Features:

How to Succeed at Short Sales
To help you gain a better understanding of short sales, we look at some of the most common questions on this topic that you and your customers likely will face today.

What You Need to Know About Short Sales and Loan Forgiveness
Too often, real estate practitioners are unaware of the tax liabilities arising from the cancellation of debt and fail to advise their clients accordingly.

2008 List Issue: 4 Reasons Lenders Want to Work With You on Short Sales
A cottage industry of bankruptcy specialists and other self-described loan mitigators are trawling for clients, but lenders would often prefer to work with real estate professionals.

News Articles:

Lenders Stall Short Sales, Practitioners Say (April 24, 2008)

Why Are Short Sales So Troublesome? (April 18, 2008)

More Banks Consider Short Sales (March 25, 2008)

Short Sales Might Help Curb Housing Slump (March 21, 2008)

Resources REALTOR.org:

Information Central's Field Guide to Short Sales

Subprime Lending: Foreclosures, Short Sales, and Taxes

Issue Summary: Debt Forgiveness

More Links:

IRS.gov: Q&A on Home Foreclosure and Debt Cancellation