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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Rick - I can't afford to pay any let alone both CG Tax and Deficiency. What are the benefits of a Short Sale and my costs? PLS help... Posted by Madonna Maka on October 01, 2006 at 10:00 AM I/We don't have the money to pay capitol gains taxes and the difference (deficiency). I lost and don't know what to do. Bill mentioned short sale. Does that get me out of both CG Taxes and deficiency if I hire a Florida short sale realtor? If I hire a Florida short sale realtor, how much does that cost? The typical 6% commission and my closing costs and they sell it at a loss, which I'm expected to pay the difference and then on top of that the capitol gains tax on that difference too? WoW! Now I'm really scared because of this scenario. I feel helpless and really stupid for getting into investing. My once awesome credit will be ruined which wouln't of been so bad, but to have to pay all this makes it really bad. There is no light at the end of the tunnel. Winning the NY lottery is the only thing that could help it seems. Madonna Follow Ups: Short sale expert in Florida Jerry - Ca. 5:22 PM, 10/02/06 (0) Short Sale - not a magic answer - but still might work The Short Sale Realtor 11:35 AM, 10/01/06 (0) Post a Followup: Name : E-Mail : Subject : Comments: : I/We don't have the money to pay capitol gains taxes and the difference (deficiency). I lost and don't know what to do. Bill mentioned short sale. Does that get me out of both CG Taxes and deficiency if I hire a Florida short sale realtor? If I hire a Florida short sale realtor, how much does that cost? The typical 6% commission and my closing costs and they sell it at a loss, which I'm expected to pay the difference and then on top of that the capitol gains tax on that difference too? WoW! Now I'm really scared because of this scenario. I feel helpless and really stupid for getting into investing. My once awesome credit will be ruined which wouln't of been so bad, but to have to pay all this makes it really bad. There is no light at the end of the tunnel. Winning the NY lottery is the only thing that could help it seems. Madonna Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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