Tracy CA Short Sale

Tracy CA Short Sale

WHAT IS A SHORT SALE?

A short sale refers to the sale of real property for an amount less than the amount owed on the property...

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WILL THIS HURT MY CREDIT?

You can maintain a high credit score by completing a Short Sale without missing payments on your mortgage and other bills...

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TAX IMPLICATIONS OF SHORT SALE

With a Foreclosure or a Short Sale you will be given a form 1099 (A-“Acquisition or Abandonment of Secured Property,” or C-“ Cancellation of Debt”). The tax consequences are the same although the forms vary. You may be liable...

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WILL THE BANK APPROVE?

It is usually more cost-effective for a bank to agree to a short sale, rather than foreclosing on a home. With a foreclosure there are additional legal fees, monthly upkeep fees on the property, etc...

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*TRACY CALIFORNIA SHORT SALE INFORMATION

Contact Information

Photo of The Aguilera Real Estate Team Real Estate
The Aguilera Real Estate Team
Aspire Hometown Realty
24 West 10th Street
Tracy CA 95376
Office: 209-597-8256
Cell: 209-814-8256
Fax: 209-370-8255