Comments on: Short sale( The remainder amount)? http://www.debt--relief--blog.com/debt-relief/short-sale-the-remainder-amount Blog topics covering all forms of debt relief Mon, 21 May 2012 04:55:34 +0000 http://wordpress.org/?v=2.7 hourly 1 By: Jennifer http://www.debt--relief--blog.com/debt-relief/short-sale-the-remainder-amount/comment-page-1#comment-1479 Jennifer Wed, 29 Jul 2009 23:13:10 +0000 http://debt--relief--blog.com/debt-relief/short-sale-the-remainder-amount/#comment-1479 <a href="">Melvin</a> Hi, I used "Credit Solution" to settle my debt and avoid bankruptcy.They managed to reduce my debt up to 58%.I came across this company on NBC News Special Edition.Check it out here: Melvin

Hi,
I used “Credit Solution” to settle my debt and avoid bankruptcy.They managed to reduce my debt up to 58%.I came across this company on NBC News Special Edition.Check it out here:

]]> By: lyon1977 http://www.debt--relief--blog.com/debt-relief/short-sale-the-remainder-amount/comment-page-1#comment-1478 lyon1977 Mon, 27 Jul 2009 15:03:25 +0000 http://debt--relief--blog.com/debt-relief/short-sale-the-remainder-amount/#comment-1478 <a href="">Thomas</a> generally, if it was your primary residence and just a conventional loan, no pmi, you'd just be issued the 1099, which you may not have to claim. If you have an FHA or PMI insured loan, they may want to set up a repayment plan for part or all of the deficiency balance. Usually it is a low payment spread over quite a few years. Thomas

generally, if it was your primary residence and just a conventional loan, no pmi, you’d just be issued the 1099, which you may not have to claim. If you have an FHA or PMI insured loan, they may want to set up a repayment plan for part or all of the deficiency balance. Usually it is a low payment spread over quite a few years.

]]> By: bbwebpuppy http://www.debt--relief--blog.com/debt-relief/short-sale-the-remainder-amount/comment-page-1#comment-1477 bbwebpuppy Mon, 27 Jul 2009 07:38:28 +0000 http://debt--relief--blog.com/debt-relief/short-sale-the-remainder-amount/#comment-1477 <a href="">Laura</a> I believe you are correct and this relief will be available to specific borrowers who got caught up in some of the precarious loans being peddled over the past few years. Laura

I believe you are correct and this relief will be available to specific borrowers who got caught up in some of the precarious loans being peddled over the past few years.

]]> By: Dizzy_Lizzy http://www.debt--relief--blog.com/debt-relief/short-sale-the-remainder-amount/comment-page-1#comment-1476 Dizzy_Lizzy Mon, 27 Jul 2009 06:51:02 +0000 http://debt--relief--blog.com/debt-relief/short-sale-the-remainder-amount/#comment-1476 <a href="">Cecil</a> My understanding is that it forgives the taxes. I just don’t think this change was well publicized so the general public’s understanding is often incorrect. This act did not change the fact that in some states the lender can pursue a former owner for the shortfall – and that would be worse than just paying the taxes on it. Cecil

My understanding is that it forgives the taxes. I just don’t think this change was well publicized so the general public’s understanding is often incorrect.

This act did not change the fact that in some states the lender can pursue a former owner for the shortfall – and that would be worse than just paying the taxes on it.

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