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	<title>Short Sale Credit: delete short sale or foreclosure</title>
	<link>http://shortsalecredit.com</link>
	<description></description>
	<lastBuildDate>Wed, 31 Mar 2010 16:39:17 +0000</lastBuildDate>
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		<title>Short sale without missing payments/being late?</title>
		<description><![CDATA[There is a misconception out there that banks won&#8217;t approve a short sale if the homeowner is not late on payments.
True, a lot of short sales will have some delinquent payment history in them, but there can be hardships that won&#8217;t cause payments to be missed during the short sale process.
Here are  [...]
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		<link>http://shortsalecredit.com/short-sale-without-missing-paymentsbeing-late/</link>
			</item>
	<item>
		<title>Understanding foreclosure time lines and how it affects short sales</title>
		<description><![CDATA[The basics are this: at 31 days at 5pm is 30 days late; at 61 days NOI (notice of intent); at 91 days NOD/Lis Pendens (depending on the state; NOD = notice of default).
In most states you have a 6 month or longer foreclosure time line. This means it takes 6 missed payments or more before a lender  [...]
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		<link>http://shortsalecredit.com/understanding-foreclosure-time-lines-and-how-it-affects-short-sales/</link>
			</item>
	<item>
		<title>Taxable Gain on Cancellation of Debt from Loan Modification, Short Sale, Deed in Lieu or Foreclosure</title>
		<description><![CDATA[In a loan modification, short sale, foreclosure or deed in lieu of foreclosure, the owner can receive &#8220;capital gain or loss&#8221; as in any other sale of real property.  The owner will be subject to capital gains taxation on the &#8220;forgiveness of debt&#8221; or &#8220;cancellation of debt&#8221; but can also receive a  [...]
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		<link>http://shortsalecredit.com/taxable-gain-on-cancellation-of-debt-from-loan-modification-short-sale-deed-in-lieu-or-foreclosure/</link>
			</item>
	<item>
		<title>Foreclosure and short sale tax liability</title>
		<description><![CDATA[If you are going to choose between a short sale or foreclosure you need to understand the tax liabilities of your decision. There is going to be a certain amount of cancelled debt in either scenario.
You should consult a CPA and/or tax attorney.
The following is general knowledge

The lender will  [...]
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		<link>http://shortsalecredit.com/foreclosure-and-short-sale-tax-liability/</link>
			</item>
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		<title>Short sale reported as foreclosure on credit report</title>
		<description><![CDATA[Quite few people go through the process of a short sale of their home, but then the lender(s) will report it as a short sale on their credit report!
 If a short sale is not reported accurately on your credit report then the account should be deleted per the FCRA (Fair Credit Reporting Act)
True, a  [...]
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		<link>http://shortsalecredit.com/short-sale-reported-as-foreclosure-on-credit-report/</link>
			</item>
	<item>
		<title>How long does a foreclosure have to be listed on a credit report?</title>
		<description><![CDATA[As you read the law below (FCRA) you can see that it allows the creditor to report the derogatory item for no longer than 7 Years. This means they can report this derogatory item for 7 years- but not one day more. They can delete it prior to that time period referenced if you can get them to delete  [...]
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		<link>http://shortsalecredit.com/how-long-does-foreclosure-have-to-be-reported-in-a-credit-report/</link>
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