A major concern questions / has a short seller is: "Who will pay your commission on a short sale?"
The answer is very simple. In a successful short sale negotiation, the lender pays the real estate commission and other fees. The fees are usually included are the following:
New Hampshire Bankruptcy Lawyer
Real Estate Commission 1-5-7% of the cost of the house
2 The legal fees (I always help a lawyer to negotiate the transaction) $ 1,500 or more
3 All income tax returns,Monthly charges, water / sewage bills, etc. And ...- 'often do not pay taxes and all ...
4 Notes or secondary home equity lines of credit, this will not be paid in full, but new negotiations
5 typical closing costs, including stamps, deeds and other costs involving
These costs are all borne by the Bank in a transaction to succeed. A retail price of $ 200,000 to somewhere between $ 12,000 to $ 15,000 in fees for all secondary degrees and you have what it will cost toElimination of secondary notes. Most likely, as the seller has no money was added to the closing table to bring much of these costs are borne by your lender, you have no expenses, if properly negotiated short sale.
If you call too late for payment and the bank and you are you exhasuted seems to have every opportunity to go to a pre-foreclosure specialist. There is usually no fee for the seller and the benefits of a short sale make it amuch better way than to exclude the bank of your site.
Who pays taxes in a short sale?
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