Legal Video #7 - The exposure to a deficiency with a Short Sale or Foreclosure

Derek Jarr, Founder of Green Street Realty, and Bill Kozub, of Berens, Kozub, Kloberdanz, and Blonstein, discuss the laws where a deficiency may or may not apply

Related Legal Videos

#1. Always Pursue a Short Sale
Will I still have other options?
#2. Debt Refief Expiration
What will you owe if you wait?
#3. Loan Modification Effectiveness
Do Loan Mods work?
#4. 5 Options to Avoid Foreclosure
Which is right for me?
#5. Short Sales and Tax Liability
What are the tax effects?
#6. Short Sales and Credit
What will happen to my credit?

Here are some tools we have to assist you:

Break Even Calculator - When will I breakeven on my home?

Loan Mod Analyzer - Do I qualify for a loan modification?

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Did you know that your tax benefits for short selling your home expire at the end of 2012? If you were to complete a short sale after this deadline, the consequences could be significant to your bank account. Contact us for a free short sale analysis so you know what type of tax implications you are facing. Act now, before it's too late.