What is the effect on your credit score when you sell short on your mortgage?

An Anonymous User asked: I have heard your credit score drops 200 points, is that true?

Is short sell better than forclosure?

An Anonymous User asked: 6 months ago, my brother was strongly encouraged by my brother in law who is a realtor to purchase a house knowingly that my brother cannot afford it. My brother is now two months behind with his mortgage and wants to give up the house. He wants to know which one is better short sells or foreclosure? He is also worried about tax implications? Help.

is it ethical to foreclose or short sell property?

An Anonymous User asked: To clarify I can buy a better home for less than my current. I an not sure that I would be able to rent the old for the cost of the mtg…..is that ethical to foreclose on the 1st home?

How much thought should investor give to the cost of commission when deciding to buy or sell in the short trm?

An Anonymous User asked: How much thought should investors give to the cost of commissions when deciding to buy or sell in the short term? What about the long term? Why? (I’m writing a business report on stock. [Buying, selling, what companies to invest in, stuff like that] and I just need some help. Thank you for any answers you give.)

Hold or sell short my stocks for 2009?

An Anonymous User asked: For 2009 I will have no taxable income. So I’m in the lowest federal income tax bracket. I started to buy stocks in december 2008 and some in 2009. I’m thinking about shorting out and sell my stocks around august or september. Obviously, that’s not a long term hold. So my question is. Will I get taxed at 15% by selling short or higher?

I am in process of buying a short sell house. Am I missing anything?

An Anonymous User asked: I am working with Bank/Seller’s realtor. I do not have a realtor. House is 7 years old and in excellent condition. No work is needed as far as I can tell. I am going to have 1. Home Inspection with professional inspector 2. Home owner’s insurence 3. Title insurence I just want to make sure I am doing everything I should be. I am buying this house with 100% cash payment.

I have two houses but i want to keep one and do a short sell in the other house can i do this?

An Anonymous User asked: how is this going to affect my credit and for how long.

What trading platform online can I use to short sell?

An Anonymous User asked: Thanks.

how many lenders involve when doing short sell in real estate?

An Anonymous User asked: please help me explain the bank and the lender. are they the same?

what factors lead to buying a short sell house successfully?

An Anonymous User asked: i’m about to write an offer on a house that is a short sale–what are the odds, if it is accepted by the seller, that the banks (first and second lenders) will ultimately allow the transaction to be completed? what are the red flags i need to avoid before making the offer? NO SPAM answers please. thx

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