p i c k f o r

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Understanding Short Sales Short Sales Defned I , wc pc m bc w cu by ppy . I , bk m cu bc u cmc c p p m. T u cmmuc w bk’ m wku pm. T m w/b m ppy u bc   , u v pc , mm (bu wy) u c b. I uc c, wu v ppv ppv pp . My S S v ccy bc wc M / Bw b. I 99% c m--u. A ccy bc w m w m bk, / bk, c, c p. N uy cy v yb c. Exu ccumc uc w bk w cu bc. T ccumc uuy cu mk bw c u.  A ypcy xcu pv m cu. O bk w w y bv w u m c c. F m w, v cu vc cu c y p c my ccy . A  ypcy xpv cu. I , m w pyf w y w, b, y pc , u b mu. I xu m bc u m cy c ccpc f.  A vy fc p c p, u v mpc ypcy cu. S yp m. Lk xcp bkupcy, m c p v y. Dp up c m ypcy pb b m 2-4 y .  W qu cmm v bc qu, uky m w v y bc. Fu , cmm m up m bc c z bc . Hwv, wuy mp m c p c cu b m juc, my b u cv cu bv Mortgage Forgiveness Debt Relie Act o 2007 T M Fv Db R Ac w uc C Spmb 25, 2007, b cm w Dcmb 20, 2007. T c f mw w wu my w x v m b c cu. T c x uc y, ppy b c c y 2007 u 2009. (W Emy Ecmc Sbz Ac 2008, x w x y, cv b c u c y 2012.) Nmy US w w c v p bw b ccp , v mu c cm bw b b x. Hwv, M Fv Ac, mm v b m mv uc x by w bw wk y cmm u bc b p. T pc m pmy c -- pp b -- cu w x v P I C K F O R D ESCROW COMPANY

Transcript of p i c k f o r

 

Understanding Short Sales

Short Sales Defned 

I , wc

pc m bc w

cu by ppy . I , bk

m cu bc u

cmc c p p m. T

u cmmuc w bk’

m wku pm. T m w/b

m ppy u bc  

, u v pc ,

mm (bu wy) u c b. I

uc c, wu v ppv

ppv pp . My S S v ccy 

bc wc M / Bw b. I 99%

c m--u. A ccy bc w

m w m bk, / bk,

c, c p. N uy 

cy v yb c.

Exu ccumc uc w bk w

cu bc. T ccumc uuy

cu mk bw’ c

u.

 A ypcy xcu pv m cu.

O bk w w y bv w

u m c c. F m

w, v cu vc cu

c y p c my ccy. A 

ypcy xpv cu.

I , m w

pyf w y w,

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mu. I xu m bc u

m cy c ccpc f.

 A vy fc p’ c p, u

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yp m. Lk xcp bkupcy,

m c p v y. Dp

up c m ypcy pb b

m 2-4 y .

 W qu cmm v

bc qu, uky

m w v y bc. Fu,

cmm m up m bc

c z bc . Hwv, wuy 

mp m c p c cu

b m juc, my b u cv cu

bv

Mortgage Forgiveness Debt Relie Act o 2007

T M Fv Db R Ac w uc

C Spmb 25, 2007, bcm w Dcmb

20, 2007. T c f mw w wu

my w x v m b c

cu. T c x uc y, ppy

b c c y 2007 u 2009. (W

Emy Ecmc Sbz Ac 2008, x

w x y, cv b c

u c y 2012.) Nmy US w w

c v p bw’ b

ccp , v mu c cm

bw b b x.

Hwv, M Fv Ac,

mm v b m mv uc x by

w bw wk y

cmm u bc b p. T

pc m pmy c -- pp

b -- cu w x v

P I C K F O R D ESCROW COMPANY

 

cy u bw qu.] T mu  

v m b w b xcu m cm x

m $2 m p y.

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my pcp m quy pm. T

pm y vb w-ccup c. T

pm qu c m : c umc

my b y w, u w c c

u cu w v c u.

Emergency Economic Stabilization Act o 2008

T Emcy Ecmc Sbz Ac 2008, cmmy 

bu U.S. c ym, w 

c p b c c 2008

uz U S Scy uy p

up US$ 700 b puc , pcy 

m bck cu, mk cp jc

bk. T b-u bk my U.S. bk,

u F Rv x p Amc Exp,

 w bk- ppc cy ppv. T Ac

 w pp by uy Scy, Hy Pu, u

b c c 2008.

T pp w p, ubm

U S Hu Rpv. T pup

p w puc b , uc ucy

w m , cc

c mk. T x pp w w xp

110 p w pu w mm H.R.

3997.T mm w jc v v Hu  

Rpv Spmb 29, 2008, by m 228-

205.O Ocb 1, 2008, S b v

mm H.R. 1424, wc ubu wy v

v Emcy Ecmc Sbz Ac 2008

u H.R. 1424. T S ccp mm

p m b by v 74-25. A

u pv m $150 b c

pck c z b 451 p.

S Pubc Lw 110-343 pv.

T m v H.R. 1424 w Hu

c, Ocb 3, Hu v 263-171

c b w. P Bu b w 

 w u cm, c $700 b ub

 A R Pm puc bk .

Supp bu p u Mk

Iv c by p w v pv u

cc U.S. c mk u

c cu cmc p. Opp bjc

mv c u p, p p

w upp m pubc b u W

S vm bk, cm b v

 w c S y c

p uppu bu w v bu

u pp Hu w uccu mp.

Opp cu p u c pbm

Amc cmy w c by xc c b,

mv u c b cmy y 

xcb pbm w cmy: bu u

c b cmy bu, bcu vm

c my u , mmy c m

c b.

Information contained is provided by Pickford escrow/Te Escrow Firm. All information is deemed to be correct and is for training  purposes only, but has not been reviewed by an attorney.