[Search for users] [Overall Top Noters] [List of all Conferences] [Download this site]

Conference tallis::real_estate

Title:REAL_ESTATE - put ads in #19
Notice:READ THIS!!! ADS: #19, Rules: #10
Moderator:VAXCPU::michaud
Created:Tue Nov 25 1986
Last Modified:Thu Jun 05 1997
Last Successful Update:Fri Jun 06 1997
Number of topics:4371
Total number of notes:28670

3951.0. "Ever heard of a Short Sell?" by MR4DEC::PMCEACHERN (Would you like fries with that?) Tue Apr 12 1994 14:02

T.RTitleUserPersonal
Name
DateLines
3951.1TLE::FELDMANOpportunities are our FutureWed Apr 13 1994 17:0910
3951.2Investigate all optionsROLAID::KING_MWed Jun 22 1994 09:5623
3951.3my attemptNAPIER::HEALEYM&ES, MRO4, 297-2426Thu Jun 23 1994 11:1825
3951.4short sellASDG::CALLMon Jan 13 1997 10:249
3951.5ALFSS1::NEWSHAMJames Newsham @ALFMon Jan 13 1997 14:4318
3951.6"Upside down"CFSCTC::HUSTONSteve HustonTue Jan 14 1997 09:569
3951.7MKOTS3::RAUHI survived the Cruel SpaTue Jan 14 1997 12:1411
3951.8check with accountant too!TLE::WENDYL::BLATTMon Feb 03 1997 15:1313
	I'm not sure, but I think the hope would be that the bank
	writes it off (not likely) or gives you a personal note for 
        the difference of the amount you can sell it for and the amount 
        of the mortgage balance.

	My hairdresser was telling me about her near-experience with
	completing a short sell (after months of searching for a buyer
	who would come even close).  At the last minute, the sellers changed
        their mind when they find out about some serious tax consequences.