Houselogic Buying & Selling
For Buyers
Everything you need to be confident and prepared.
For Sellers
Get the most out of your investment.
Short Sale Success
It's all too common today: Homeowners need to sell their home for less than what they owe on their mortgage. The process may be different from the typical transaction, but there are rewards for both buyers and sellers. Buyers can end up with a great deal, and sellers can extricate themselves from a mortgage they can no longer afford.
A Short Sale Could Be Your Best Option If:
- Your property is worth less than the total mortgage you owe on it.
- You have a financial hardship, such as a job loss or major medical bills.
- You've contacted your lender, which is willing to entertain a short sale.
Quick facts
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Did You Know?
Homeowners may deduct mortgage interest and property taxes as an expense against income. -
Did You Know?
You may be able to deduct mortgage interest on a second home, second mortgages, home equity loans, and HELOCS. -
Did You Know?
You can cancel PMI when your home equity hits 20%, even though your lender isn’t required to cancel it until it hits 22%.
Real Estate Glossary of Terms
Your quick reference guide to the real estate and homeownership terms and concepts you need to know.
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