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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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Learn about each chapter of the
Short Sale A-Z™ video course.

Chapter 1 Chapter 2 Chapter 3 Chapter 4
Chapter 5 Chapter 6 Chapter 7 Chapter 8
Chapter 9 Chapter 10 Chapter 11 Chapter 12
Chapter 13 Chapter 14 Chapter 15 Chapter 16
Chapter 17 Chapter 18 Chapter 19 Chapter 20
Chapter 21 Chapter 22 Chapter 23 Chapter 24
Chapter 25 Chapter 26    

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