Category Short Sale FAQ
How to qualify for a Short Sale
To qualify for a short sale, you need to have some sort of hardship and be taking a loss every month. Hardship occurs when something happens that makes it impossible to afford your mortgage payments…
Will a Short Sale negatively impact my taxes?
The easy answer is no, there is no way that the bank can tax you on the short sale because your home is taking a loss. There is a short sale law that gets renewed every year to…
How much does a Short Sale cost?
To sell your home under short sale, you will not have to pay anything. All the commissions and fees associated with a normal home sale are covered by the bank…
How long will a Short Sale take?
The average short sale takes about 6-8 months. We have even seen short sales close as fast as 3 months from start to finish…
Is a Short Sale better than a Foreclosure?
Short selling your home versus going through a foreclosure has some major benefits…
What is a Short Sale?
A short sale happens when the seller owes more on their home loan than the home is worth. Through…
Nova Short Sale 