Re: Re: Short selling


Don’t forget also that if you do a to good deal they will tax you on whatever they think the property is worth. Had it happen to several of my customers when I worked as an agent that they the next year got a letter stating that the property was to cheaply bought and now they have to pay compensation to the state. I’m 100% sure these people didn’t try to make side deals since some of them where friends of mine. This is something that needs to be taken into account when you buy distressed homes at the moment.