Italo, I'm glad I could help out!  From what I read, you're going the short sale route - be sure the owner talks to his/her accountant on the tax ramifications.  Mortgage Forgiveness Debt Relief Act of 2007  The lender will supply a 1099 but depending on the situation, they may or may not qualify for relief.  The lender may also file a judgement or ask for a promissory note for the difference, so be sure all of these factors are addressed appropriately.

Good luck!

 Kelli Grant, Scottsdale-Phoenix Arizona Real Estate

Hello from Paradise, Costa Rica, like you we want to reach interesting people with similar goals of success stories, I see you are a RE Veteran, I’m sure  I can learn a lot from you. Please, feel free to reach me any time at: www.firstnationaltitle.org  Yours, Alexander M, CEO.

Hello Italo,

Nice to see you enjoying the community here. Hope all is well.

God Bless You and Yours always,

Nukoyia

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