Is a Short Sale Right for Me?

If you owe more than your home is worth in today's market and you want or need to sell and you can't or won't bring cash to close then a short sale may be right for you.  It's a rather complicated question as there are numerous aspects of a short sale that one must consider in deciding if selling short is the right move.  Ultimately it is a personal decision that you should make based on sound advice from your real estate broker, your attorney, and your accountant.  If any of the following apply to you then you are a candidate for a … [Read More...]

Will I Qualify?

Short Sale Qualification

This is one of the most common questions that we get, and the short answer is, "Most Likely." In years past the criteria for qualifying for short sale was very straight forward:  a homeowner had to demonstrate a significant financial hardship … [Read More...]

Credit and Tax Consequences

Tax and Credit Consequenes of a North Carolina Short Sale

It's natural to be concerned with the credit and tax implications of short selling your home.  We can offer you general advice but you should always consult with your … [Read More...]

Walking Away? BAD IDEA!

stop foreclsoure

Ready to throw your hands in the air and walk away?  Don't do it!  A common misconception in is that North Carolina is a "walk away" or "non-recourse" state.  This is not true!  The following quote is from one of our trusted attorneys when … [Read More...]