Shortsale

Freddie Mac Short Sale Guidelines

November 9, 2013

The Freddie Mac Short Sale Servicing Guidelines streamline the short sale approval process with the introduction of the Standard Freddie Mac Short Sale.

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REAL ESTATE AGENTS

March 24, 2012

Why Use Our Services Greater Boston Short Sales, LLC (GBSS) assists real estate agents in getting their short sales closed. As a real estate agent, your time is best spent obtaining new listings, meeting with clients, showing and marketing homes. We understand that you don’t have the extra time required to effectively negotiate a short […]

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What Are The Tax Consequences of a Massachusetts Short Sale?

February 7, 2012

As tax season approaches, and more importantly, the expiration of the Mortgage Debt Relief Act of 2007, it is important to review the tax consequences following a short sale.  In general, the IRS will treat any canceled debt, such as forgiveness of a mortgage loan, as taxable income. Thus, if you live in a recourse […]

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How To Keep Buyers Committed To A Massachusetts Short Sale Transaction Without A Signed Purchase And Sale Contract

May 12, 2011

During this past week alone , I have received ten new short sale requests.  As a Massachusetts short sale negotiator, my services are generally not required until the buyer and seller execute an Offer to Purchase. Once the offer is signed,  the buyer’s agent inevitably calls me to request the seller attorney contact information so […]

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