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Jeff Martel
"43re.com - A New Direction in Real Estate"
- 7 Answers
- 21 Blog posts
- 23 Listings
Locations:
Web sites:
Profile Link:
Experience:
Owner for FIREBRAND
February 2006—present
Strategic Marketing Company
Strategic Marketing Company
Broker / Owner for 43 Degrees North Real Estate
July 2008—present
www.43re.com
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www.43re.com
Specialties:
New Construction, New Construction Buyers Representation, Home Design and Planning, New Construction Consulting, Community Development, Community Planning
Certifications
& Awards:
& Awards:
I am the Designated Broker for two companies:
www.43re.com - 43 Degrees North Real Estate ... show more
www.43re.com - 43 Degrees North Real Estate ... show more
Interests:
I am so lucky to be a resident of Eagle, ID. I enjoy all aspect of raising my
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About:
Jeff Martel - Designated Broker and Marketing Director
Jeff has seemingly been in Real Estate his entire life by watching his parents become successful ... show more
Jeff has seemingly been in Real Estate his entire life by watching his parents become successful ... show more
Jeff Martel answered:
Travis,
I am not sure if it will affect your credit, but do know that marriage combines credit issues. The variables are first if the short sale will be going on your fiances credit at all. short sales are complicated and negotiations NEED to take place on ever aspect - like if the lender will be posting the deficiency amount to the credit report or not. You should also know that if you sell a home short it does not necessarily alleviate your responsibility for the money owed. There are also tax implications as the deficiency amount can and usually will show up as income on your taxes - IE you will be responsible to pay taxes on the deficiency amount. Selling short should be YOUR LAST POSSIBLE RESORT - not the first. You should first be talking to the lender about renegotiating the loan or what possible solutions they will offer to avoid damaging your credit. There are a lot a variables - visit my website for free information to help you - http://www.43re.com
I am not sure if it will affect your credit, but do know that marriage combines credit issues. The variables are first if the short sale will be going on your fiances credit at all. short sales are complicated and negotiations NEED to take place on ever aspect - like if the lender will be posting the deficiency amount to the credit report or not. You should also know that if you sell a home short it does not necessarily alleviate your responsibility for the money owed. There are also tax implications as the deficiency amount can and usually will show up as income on your taxes - IE you will be responsible to pay taxes on the deficiency amount. Selling short should be YOUR LAST POSSIBLE RESORT - not the first. You should first be talking to the lender about renegotiating the loan or what possible solutions they will offer to avoid damaging your credit. There are a lot a variables - visit my website for free information to help you - http://www.43re.com
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