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Short Sales A-Z™ Online Class Chapter 10

Chapter 10
Short Payoffs and Tax Implications

 

There are two types of short payoffs: Short sales and release of lien. This chapter explains the two types of short payoffs, the differences, and the documents associated each one together with their tax implications.

Objective:

  • The objectives of this class are to dominate how short payoffs work, clearly distinguish the two short payoff types and understand short payoff tax implications and solutions.

Outline:

  • Short Payoffs Definition
  • Types of Short Payoff
    • Short Sale
    • Release of lien
  • Purchase Money and Non-Purchase Money.
    • Purchase Money
      • Protections
    • Non-purchase money
      • Exposures
    • Default implications
  • Deficiencies
    • Deficiency judgment
  • Sold Out Juniors
  • Non-Recourse Loans
  • Short Payoff Solutions
    • Short Payoff Settlement
    • Short Payoff Settlement Letter
  • Non-Arms-Length Transactions
  • Short Payoff Tax Implications
    • Tax Solutions
  • Sample document analysis

Time:

  • 27:41 minutes

Class Chapter 10-1

Class Chapter 10-2

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