Short Sales

San Jose Short SalesA short sale or short payoff occurs when a lender agrees to accept less than the outstanding loan amount to satisfy the seller’s loan. A short sale allows both the lender and the property owner to avoid foreclosure by selling the property at a loss.

A Real Estate Broker or Agent wears only one hat in a real estate transaction. Brokers and agents are not licensed to provide tax and/or legal advice. Even “knowing” or believing one knows the answers to a homeowner’s tax and legal questions, it is unlawful for an agent to give tax and legal advice. Agents have a “fiduciary duty” to advise homeowners that there may be tax consequences and advise that a homeowner seek legal and tax advice from a qualified professional.

It is critically important that a homeowner talk to a tax advisor that is well versed in short sales. A homeowner must know what questions to ask a tax professional. Do you know what questions you would ask your tax professional? If not, then schedule a free consultation and find out.

A homeowner wants to choose a San Jose Short Sale Agent qualified to guide them through the process to ensure informed decisions are being made. The benefits to a homeowner are:

  • A consultation with a qualified CPA to understand upfront any possible tax consequences versus making decisions in the dark and experiencing unwanted surprises after the transaction closes.
  • Identification and assistance provided to the seller regarding important or damaging legal issues (deficiency judgments, tax implications, fraud, etc) at the earliest possible opportunity versus working in the dark and experiencing unwanted surprises after the transaction closes.
  • A quicker response from the servicer/ lender.
  • Increased likelihood for a successful short sale approval.
  • Reduction or elimination of the deficiency, if any.
  • Best possible terms for how the sale is reported to the credit bureaus.
Kathleen Daniels (56 Posts)

Are you facing foreclosure? San Jose Real Estate Agent, Kathleen Daniels wants you to know there are foreclosure options available. You can avoid foreclosure and save home from foreclosure. Understand the foreclosure alternatives that can save your credit.

Our team of San Jose Short Sales professionals can help you avoid foreclosure. Short Sales are viable options for many homeowners facing foreclosure.

Call 1-800-972-1822 or visit San Jose Short Sale Specialist and request a free consultation.


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  1. […] work from the borrower; the Realtor® handles the entire transaction process for the borrower. The Short Sale process can be completed quickly in as little as two months but, more often it’s a lengthy process […]

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