If you live in the states of Florida or New York and you’re losing your home, Short Sale may be an option for doing foreclosure and bankruptcy. What is a short sale Its translation into Spanish is “Short Sale”. That is, the bank authorized to sell the property for less than what the owner owes. Who qualifies for a short sale Owners who have not been able to continue paying the mortgage (mortgage) to the bank and are in any stage of the implementation process (foreclosure). What are the advantages for an owner in a short sale problems Your credit is damaged less and less time and if no other problems can avoid bankruptcy. For example, someone owes 200,000 and your property sells for 100,000. In our office is negotiating with the bank slope, but even in those cases where the bank passes the client a Form 1099 to your tax effect, the person is free, as someone who sells his property unmarried, not have to pay tax unless the gain is 250mil or more. If the person is married the figure doubles.If an owner who is losing his house, can do a short sale, be free of debt for loss of property is not a foreclosure on your record and your credit is replenished after 12 months. What are the costs of an owner who hires our services to sell your property as a Short Sale We only charge 150.00 to sign the contract and not have to pay anything more, anywhere in the process. In our office we have closed over 100 in the last 6 months. We have a realtor specializing in the handling of these cases, working full time and a law firm in our own office.