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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
- Purchase Money
- 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


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