Don’t Pursue a Short Sale without a Miami Real Estate Broker and Short Sale Attorney |
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![]() Pelayo Duran is both a qualified Real Estate Broker and Short Sale attorney
If you think a short sale might be the appropriate solution for your financial circumstance it is critical that you exercise caution in choosing the professionals who assist you. You should be aware that real estate agents are paid only on short sales that actually close. This can create a potential for extreme conflict of interest if closing the short sale would not be in the homeowner’s best interest. |
![]() Addressing Tax Issues & Short Sales
It is important to work with a qualified and experienced short sale attorney and tax advisor before selling your property as a short sale as there could be potential tax repercussions. The IRS considers that the difference between the value at which you sell your house, and the balance on the existing mortgage as income unless directed otherwise. |
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