If you’re considering a short sale, your first call should be to an Attorney. Period! Remember, Realtors get this thing they call a commission, and some—not all—have been known to recommend a short sale even when it’s not in your best interest. An Attorney has a fiduciary duty to look out for you and advise you regarding the legal consequences of your actions.
When you work with J.G. Winter, you will get a free short sale legal consultation—since he’s an Attorney and a Broker. In this consultation J.G. will explain to you all about the short sale process, and explain the potential tax and legal consequences a short sale can have on you. J.G. will also go over all of your other options, including answering any questions you may have regarding a Chapter 7 or Chapter 13 bankruptcy.
In many circumstances Short Sales are great. They can help preserve credit, buy you more time in your home, and sometimes you can even qualify for relocation assistance money. However, this is not always the case, and sometimes doing a short sale can leave you with a big IRS tax bill—a situation nobody wants.
So if you’re considering a Short Sale, do yourself a favor and talk to J.G. Winter first.