With the new $700billion bill getting passed,what happens to the thousands of people foreclosing or short sell?
Didn’t the problem start with foreclosures? So we help the banks now,but won’t we be in the same boat a year from now unless we address “THE REAL PROBLEM” by helping people fix their mortgages
I mean short selling of your house. When you put it on the market and get what you and negotiate without foreclosing.
I mean short selling of your house. When you put it on the market and get what you can for it and negotiate without foreclosing. I too was very hard hearted to people who foreclosed and received loans only to turn around and sell a year or 2 later. But I soon fell ill and was diagnosed with a disease and could not work for months. I too had a hard decision to make about what to do so I advise people to think about why so many people are foreclosing? Is it only because of the people’s adjustable mortgages are going up or could other factors be involved too?
What happens if there is not enough shares to cover short selling positions?
How much as a percentage of capital do short seller principles require as collateral?
What happens if a trade cannot be settled e.g when a company is suspended or taken over? Or if the short seller cannot find the shares to cover his position or if the seller defaults?
Will it disrupt market functions?
what happens to short selling when company goes private?
Is it true that investors and Market makers who have naked short selling must cover before a public company can go private? If so, how is it determined how many days it would take for them to cover and how can you tell which day would have the highest bid price?
What happens if a house on a short sale doesn’t sell?
There was an offer accepted by the first lender but the 2nd lender wanted more money.
What happens if I sell a property and the seller never transfers the title to his name?
I did a short sell on a property I owned and the buyer agreed to pay the liens on the property as part of the sales contract. Now the lien holders are suing me for the money owed and the seller never cleared the liens and he never transferred the deed to his name. He only paid the mortgage company to release the mortgage. The contract says it was to close in 2 weeks but now it has been 5 months.
The bank actually did the short sell. They didn’t use a lawyer or a closing company. They only paid a real estate company to find a buyer. The bank released its lien but a couple of utility companies put liens on the building and those liens were also suppose to be paid off by the buyer. that is why the deed hasn’t been tranferred because those liens have not been paid and the utility companies are trying to garnish me for this reason.
when u short sale your home, what happens to the remaining balance owed?
Say I owe $200,000 left on my mortgage balance, and I then short sell it for $130,000. What happens do the remaining $70,000? Does the bank just eat it or is there a tax liability? If that would be a tax liability, then what is the point of even having that loan modification program that was put out there by Obama?
What happens when you have to short sell a multifamily property?
We’re considering selling the 6-family apartment building we own in New Haven, CT, but wanted to know first about the tax implications. The property is cash flowing negatively, and I don’t have the time to manage the property myself or we would of course wait for a better time to sell.
While I wait to hear back from our listing agent about the estimated value, I’m anticipating it being worth significantly less than we paid for it ($530,000 in Dec. 2005). We currently owe $382,000 on the mortgage. I honestly have no idea what price the market will bear at this moment, but to ease my mind I wanted to run through a couple of scenarios. What would happen if:
A) The property is worth less than the mortgage, and the bank agrees to a short sale? Can we use losses from previous years to offset the amount of the mortgage forgiven?
B) The property is worth less than the mortgage, and the bank doesn’t agree to a short sale? Can the bank seize our other assets, which include bank accounts, retirement accounts and the property in another state (held in an LLC).
I can’t believe I’m asking this (so dreadful)!
Thank you, and God bless.
I you sell your home in a short sale, what happens to any liens?
that are on the home. Are they added to the price of the home.
What happens if you sell a stock short just before it tanks and trading in it is suspended?
Are you “cornered?” Does the clock stop ticking until trading in the stock is resumed? Or is it Force Majeure and you just walk away with your profit?
It does stay sold, Robert. But I was more concerned with how you acquire the shares you sold without having. Or whether it doesn’t matter.
What happens if you short sell a stock like BP? Would you lose a lot of money because the stock is likely?
not to go back up?
