Why Do a Short Sale In Reno NV

648 views

Published on

Marshall Carrasco Reno's #1 Short Sell Expert www.renohelp.org. There are more benefits when doing a short sale versus letting your property go into foreclosure or when filling for a bankruptcy.

  • Be the first to comment

  • Be the first to like this

Why Do a Short Sale In Reno NV

  1. 1. Why Do a Short Sale In Reno NV Call : 775-525-1205 www.renohelp.org
  2. 2. There are more benefits when doing a short sale versus lettingyour property go into foreclosure or when filling for a bankruptcy,some of these are the following: Call : 775-525-1205 www.renohelp.org
  3. 3. You may avoid getting hit with a tax bill on the amount ofmortgage debt that the lender was never able to recover from thesale of the property.• Any time debt is forgiven, it’s a potentially taxable event.• You are not paying back money that you borrowed, so that money is considered income by IRS. Call : 775-525-1205 www.renohelp.org
  4. 4. • You don’t have to pay any money to agents when doing a short sale.• Your short sale transaction should not be done at your cost. Call : 775-525-1205 www.renohelp.org
  5. 5. You and your agent are in controlof the sale, not the bank. Call : 775-525-1205 www.renohelp.org
  6. 6. • You will spare yourself the social stigma of “F” word, foreclosure.• Foreclosing your home is embarrassing to you and your family. Call : 775-525-1205 www.renohelp.org
  7. 7. Your home sale will be handled like any other home sale. Call : 775-525-1205 www.renohelp.org
  8. 8. • You and your loved ones will be less affected emotionally and financially by doing a short sale.• If you decide to short sale, your Real Estate Agent can help you get through the process with less pain than if you just do nothing and the bank forecloses your home. Call : 775-525-1205 www.renohelp.org
  9. 9. You can consider buying another home for you and your familymuch sooner than you think. Call : 775-525-1205 www.renohelp.org
  10. 10. • Your credit will not be as affected.• All lenders report short sales differently, with many reporting “paid in full for less than agreed,” and some report the short sale as a charge off.• On the other hand, if you let your home go into foreclosure your debt is reported as negative credit delinquency. Call : 775-525-1205 www.renohelp.org
  11. 11. Contact MARSHALL CARRASCO Twitter Facebook LinkedIn Email 9740 S. McCarran Blvd #103, Reno, NV 89523 Call Us : 775-525-1205 www.renohelp.org

×