Today's Wall Street Journal has 2 great articles describing the potential complications that sellers face when pursuing a short sale:
"A Short Sale May Not Mean You're Home Free"
"Tax Hits On Property Short Sales"
There are nuances with short sales that you would have never imagined. It is imperative that you have a team of experts in place to prepare you for these nuances whether you are buying or selling a potential short sale.
Paul Vranas
Vranas Properties
Chicago REALTOR
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