Friday, August 10, 2012

Short sale in a (55) nut shell

Short sales are for homeowners on the brink of foreclosure. 

You won’t make money from a sale.  Profits will pay off your debt. 

Buyers may come your way, but the bank has the final say. 

Uncle Sam will get his cut on any debt forgiven.  You'll pay.

Your credit is still shot. 

Greed ain’t good.


Linking with G-Man for a Friday Flash 55

508.  Rain
509.  Funny movies
510.  Rhythmic gymnastics
511.  Synchronized swimming
512.  People paying back what they borrowed
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