If you answer "YES" to the following questions,
you are qualified for Short Sale
and the benefit of NO FEDERAL TAX on the deficiency* through 12/31/2012.
* Second homes or investment properties may qualify for short sale but not for tax waiver on deficiency.
1. Did you Buy or Refinance your primary residence before 2009?
YES ___ NO ____
This time frame qualifies you for short sale.
2. Is your primary residence "upside down"?
YES ___ NO ____
If the market value of your home is less than the loan balance, it qualifies for short sale.
3. Do you have a financial Hardship?
YES ___ NO ____
If loss or decrease of income, medical bills or other life predicaments have you struggling every month to make mortgage payments, you can qualify for short sale.
4. Have you missed more than 1 mortgage payment?
YES ___ NO ____
If you already behind in mortgage payements and have no way to catch up, you will qualify for short sale.
5. Are you depleted your cash and/or borrowing money to make your mortgage payments?
YES ___ NO ____
You do not have to liquidate all your cash savings or go into further debt in order to qualify for short sale.
6. Are you facing possible Bankruptcy and/or Foreclosure?
YES ___ NO ____
Short sale may save you from having to file bankruptcy and/or will save your credit from being marred by Foreclosure even if you file bankruptcy.
7. Have you received a "Notice of Trustee Sale" letter from the bank before or while you are in the midst of a Loan Modification?
YES ___ NO ____
The foreclosure time line continues during Loan Modification and the Trustee Sale date, ie foreclosure is set for 30 days after denial. Only an active short sale offer at the bank will postpone the trustee sale. If you wait until you get a loan mod denial, it may be too late to do a short sale.
Don't wait until it is too late.
Initiate a short sale now.
It's your last chance to Avoid Foreclosure.
Contact
Shelly Gorenstein
for a Confidential Consultation
Toll Free: 877-473-6374
E-mail: shelly@remerge.com
