Are you a real estate agent doing short sales? Do you know someone who is considering a short sale or foreclosure?

Posted by Aug21, 2014 Comments Comments Off on Are you a real estate agent doing short sales? Do you know someone who is considering a short sale or foreclosure?

A lot of real estate agents are afraid to refer their clients to me for a bankruptcy for fear of losing a commission on a short sale. What most agents don’t understand is that a bankruptcy filed PRIOR to a short sale or foreclosure will take care of any tax consequence to the seller. A short sale can then be done after the bankruptcy. If you know any real estate agents dealing with this issue, or if you know anyone who owns a house that they don’t know what to do with, have them contact me for a free consultation. The critical point is that the bankruptcy has to be done first – otherwise any taxes owed as a result of one of those transactions will not be discharged in a subsequent bankruptcy. Contact me at (520) 743-2257 or email Kathy@kathyjohnsonlaw.com for a free consultation.

Categories : Uncategorized

Comments are closed.