Macmillan Holdings, LLC. Money Girl, QDnow, and Quick and Dirty Tips are trademarks of Macmillan Holdings, LLC. The economy is in a slump and foreclosures are at an all time high. Can short selling work for you? Melissa money I am going to have to sell my house for less than what I owe (short sale). The first mortgage will be paid off but the second is the problem. How does that work?? They are through the same company. http://moneygirl.quickanddirtytips.com/mortgage-short-sales.aspx?commentid=19592#Comments http://moneygirl.quickanddirtytips.com/mortgage-short-sales.aspx?commentid=19592#Comments Tue, 06 Oct 2009 09:54:58 GMT Sheri money This really should be updated since the tax law has changed. http://moneygirl.quickanddirtytips.com/mortgage-short-sales.aspx?commentid=16051#Comments http://moneygirl.quickanddirtytips.com/mortgage-short-sales.aspx?commentid=16051#Comments Tue, 10 Mar 2009 04:05:44 GMT Maria money It is important to know alternatives to foreclosure. Thank you for this post. Quite often people facing repossession don’t know where to go and despite their obligations, mortgage are not always helpful and friendly. http://moneygirl.quickanddirtytips.com/mortgage-short-sales.aspx?commentid=15750#Comments http://moneygirl.quickanddirtytips.com/mortgage-short-sales.aspx?commentid=15750#Comments Sat, 14 Feb 2009 22:24:52 GMT chuck money The exact same thing happened to me. Everyone in the transaction, including the bank's loss mitigation agent (at Huntington Bank) said they wouldn't chase me for the balance, and 3 weeks later I had their collection agency after me. They also took $3,000.00 up front, in Aug 2008. Was your 2nd Huntington Bank too? What are you doing about it? http://moneygirl.quickanddirtytips.com/mortgage-short-sales.aspx?commentid=15586#Comments http://moneygirl.quickanddirtytips.com/mortgage-short-sales.aspx?commentid=15586#Comments Tue, 03 Feb 2009 05:14:55 GMT AJ money You forgot one thing, the Mortgage Debt Relief of 2007, signed by President Bush, which says that homeowners who short sales their houses, in 2007-2010, are not liable to be taxed. So it's a win-win situation, except for the credit reporting. http://moneygirl.quickanddirtytips.com/mortgage-short-sales.aspx?commentid=14309#Comments http://moneygirl.quickanddirtytips.com/mortgage-short-sales.aspx?commentid=14309#Comments Sun, 12 Oct 2008 02:18:04 GMT Denise money I sold my house on a short sale. I had 2 mortgages. The first mortgage has given me no trouble. The second mortgage agreed to take 3,000 dollars for release of mortgage, never stating that they were going to come after us for the rest until 3 months after the house sold. Can you tell me what my rights are? Thank you. http://moneygirl.quickanddirtytips.com/mortgage-short-sales.aspx?commentid=13267#Comments http://moneygirl.quickanddirtytips.com/mortgage-short-sales.aspx?commentid=13267#Comments Thu, 31 Jul 2008 04:42:27 GMT Tue, 06 Oct 2009 09:54:58 GMT http://moneygirl.quickanddirtytips.com/mortgage-short-sales.aspx feedback@quickanddirtytips.com (Managing Editor) feedback@quickanddirtytips.com (Webmaster) en-us