FAQ for Preferred Servicing

• Are there any alternatives to a short sale?
• Can a short sale be done in every state?
• How does a short sale affect my credit?
• Can a homeowner live at the property during a short sale?
• What type of property applies to a short sale?
• Will I ever be able to receive a mortgage again?
• Do I need a realtor to do a short sale?
• Can I track the progress of my short sale?
• Will I have to pay any Capitol Gains tax if I short sell my property?
• What is the Mortgage Cancellation Tax Relief?

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