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BGCarrera32 BGCarrera32 is offline
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Join Date: Aug 2002
Location: Nanny State
Posts: 3,132
Educate me a little on a Short Sale

Neighbor next to me is moving out, he's retiring in a month and moving to a senior home. The house is 62 years old and he's been there for the majority that.

I found the house online today and he's in short sale. I checked the county property records on the place and he owes back property taxes to 2008, around $4,500.

Is it possible the house is in short sale in part due to the back taxes being owed, or is it strictly a function of more is owed on the house than its worth? He's been there like 40 years, tough to believe its not payed off.

A bit worried as the list price is really low, $150k, probably gonna become a rental or go ghetto on me.
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Old 08-07-2010, 10:17 PM
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