UTAH Short Sales: Questions Buyers Should Ask The Agent Listing A Short Sale

Salt Lake City, UTAH – Are you looking to buy a short sale? Before you make an offer, you need to check and see how competent the listing agent is at short sales.

The listing agent is the agent with the property for sale. They will usually be in charge of processing the short sale with the lender.


If the listing agent is a genuine short sale expert and knows what they are doing, then you have a very good chance of the short sale being approved and buying the home. I’ll show you how to separate the experts from the pretenders in this post.

If the agent is not a genuine short sale expert, then you are probably wasting your time. You should go find another home to buy.

First, ask them how many short sales they have successfully sold. If they have only sold 2-3 short sales, then the odds are not in your favor. You risk wasting months of time waiting for an answer on the short sale.

Next, ask them how many loans are on the property. If there is only 1 loan, then you know two things. First, they know what they are doing. Second, this is relatively simple short sale.

If there are two loans, then the property is still worth considering. However, if there are 3 or more loans, then you might want to look at another home. Short sales with 3 or more loans are very difficult.

The first mortgage won’t give enough money to the second and third position mortgages. The second and third position mortgages won’t release their lien without more money. At the end, everyone loses (that is another story for another day.)

Lastly, ask who the lenders are. If the lenders are Bank of America, or another notoriously bad lender at short sales, then you might want to avoid the property. However, a competent short sale agent can handle a Bank of America short sale with ease.

Thinking about a loan modification?Our Layton loan modification kit will show you how to reduce your mortgage payment, keep your home, and get back on your feet. Send me an e-mail at forsiecity@gmail.com to request a Free Copy.

Or, call me at 801.651.0707

Thinking about a short sale? I can help you short sale your property so you can move on with your life. Send me an e-mail at forsiecity@gmail.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (801) 651-0707

Discover how other sellers successfully completed a short sale and request a free consultation by call me at 801.651.0707

Thanks for reading this, Dave Forsberg.

Dave is a Real Estate Agent at Presidio  Real Estate. Utah Short Sales Realtor:

Phone: (801) 651-0707. Forsiecity@gmail.com.

Greater Salt Lake Short Sales. Real Help for those that need it most.

Need to sell immediately?  We buy houses in ANY Condition!  Call us now at 801.651.0707 for a free consultation.

The Final Numbers On How A Short Sale Reduces Losses

SALT LAKE CITY, UTAH – in another  blog post, I ran some numbers on why a short sale reduces a lender's losses by 20% compared to a foreclosure.

Today I am going to add all the numbers together. That way we can see exactly how much this lender lost by not accepting the short sale.


I am using the real life example of a short sale that was listed for sale for $425,000. The lender turned down an offers for $385,000 and ended up selling the home for $230,000.

Let's add up the costs.

$155,000 in sales price loss. ($385,000 minus $230,000.)

$30,318.75 in lost interest income. ($385,000 lent at 4.5% interest over 21 months.)

$11,411.89 in property taxes that would have been paid by the short sale buyer, but instead were paid by the lender. ($6,521.08 annual property taxes over 21 months.)

$3,000 in estimated foreclosure costs. (This is to pay the foreclosure attorney and the court costs.)

$4,200 in Homeowner's Insurance. ($200 monthly times 21 months.)

$203,930.60 in total lost because they didn't accept the short sale offer. Ouch! I don't care how rich you are (or how many bailouts you received), that is a lot of money.

Yes, these numbers are correct. Real estate is an expensive business. It costs a lot of money to own and maintain a house.

Just look at how much you spend on your mortgage, property taxes, homeowner's insurance, maintaining your house, and mowing your yard. Now multiply that by 21 months. Make sense?

Thinking about a short sale? I can help you short sale your property and never pay the bank another penny. Send me an e-mail at forsiecity@gmail.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (801) 651-0707

Discover how other sellers successfully completed a short sale and request a free consultation by 

Thinking about a loan modification? Our Utah loan modification kit has the instructions you will need to get a loan modification approved with your bank.

Thanks for reading this, Dave Forsberg.

Dave is a Real Estate Agent at Presidio Real Estate.  UTAH Short Sales Realtor:

Phone: (801) 651-0707. Forsiecity@gmail.com.

Greater Salt Lake Short Sales. Real Help for those that need it most.

Need to sell immediately?   We buy homes in ANY CONDITION.   Call me now at 801.651.0707.

David Forsberg specializes in loan modification assistance and short sales in Bountiful Utah. Bountiful Loan Modification Help, Bountiful Short Sales. Bountiful Short Sale Realtor Bountiful UT Short Sales. Bountiful Realtor. North Salt Lake Realtor, North Salt Lake Short Sales. Short Sales in North Salt Lake. Woods Cross Short Sales. Short Sales in Woods Cross. Woods Cross Realtor. Sunset Short Sales. Short Sales in Sunset. Sunset Realtor. Kaysville Short Sales. Kaysville Realtor. Short Sales in Kaysville. Salt Lake City Short Sales. Short Sales in Salt Lake City. Salt Lake City Realtor. Centerville Short Sales. Short Sales in Centerville. Centerville Realtor.



Copyright 2025. LLC. All Rights Reserved.

IUTAH Short Sales: My Ex Is Short Selling. What Can I Do?

SALT LAKE CITY,  UTAH – I recently received a question from Tom about short sales. Here was Tom’s Question.

“My Ex-wife decided to Short Sell our former house. Unfortunately we both signed the mortgage when we bought the house together. I think that means I am still liable for the debt.

She got the home after the divorce. The court gave her the home in the divorce. The market has declined and the house is worth about 120k less than the mortgage amount.

I have a good job and some assets. Will I have to pay back the bank ofr the money they lose. (My ex is selling because of financial problems.)

Also, someone said I might have to pay income taxes on the written off debt. Is that true? Please help me out here. Sincerely, Tom.”


Here was our answer. Tom, you probably should talk to a good lawyer. This is not the standard short sale. There might be tax laws that will allow you to not be liable for the tax liability on the written off debt.

In my opinion, the Tax Law allows you to write off most of the forgiven debt on a short sale. You have to short sell the house before the end of 2012 and have lived there for 2 of the last 5 years.

Your ex probably meets that criterion. I would think that since she lives in the house, then you wouldn’t be liable for the taxes. But, then again, I am not an accountant and don’t know how the law would affect such a unique situation.

Will you have a deficiency judgment? We can’t know for sure because there are so many variables involved. However, in about 80% to 90% of the time, you won’t have a deficiency.

That is because most lenders just forgive the debt. They have found it tough to collect the upside down debt. Most people are short selling because of financial problems.

They are struggling to avoid bankruptcy without a large deficiency judgment. When they see a $100,000 deficiency, then they will probably just declare bankruptcy. Then the lenders gets nothing anyways.

Check with a competent short sale realtor in your area. They will be able to give you a good idea of whether or not you will have to pay the deficiency.

Thinking about a loan modification?Our Layton loan modification kit will show you how to reduce your mortgage payment, keep your home, and get back on your feet. Send me an e-mail at FORSIECITY@gmail.com to request a Free Copy.


Thinking about a short sale? I can help you short sale your property so you can move on with your life. Send me an e-mail at forsiecity@gmail.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (801) 651-0707

Discover how other sellers successfully completed a short sale and request a free consultation by calling me at 801.651.0707 

Thanks for reading this, Dave Forsberg.

Dave is a Real Estate Agent at Presidio Real Estate Utah Short Sales Realtor:

Phone: (801) 651-0707. Forsiecity@gmail.com.

Greater Salt Lake Short Sales. Real Help for those that need it most.

Need to sell immediately?    We buy homes in ANY CONDITION  and close in 7 days or less.  Call me NOW at 801.651.0707 for a free consultation. 

Copyright 2025

Boomers vs Gen Z: Who Makes the Better Condo Neighbor?

Salt Lake City,  Utah

Condo living brings diverse personalities under one roof. When it comes to generations, Baby Boomers and Gen Z stand out with unique habits, values, and expectations. This article dives into both to help you understand which generation might make your ideal neighbor.

---

Baby Boomers: Reliable and Respectful

Baby Boomers (born 1946–1964) value stability and routine. In a condo setting, these traits often translate to:

- Quiet hours that align with early bedtimes and morning routines  

- A strong sense of responsibility for home maintenance and shared spaces  

- Respectful interactions, with greetings in the hallway and willingness to lend a hand  

Their decades of experience in community living typically mean they follow condo rules closely and prioritize a peaceful atmosphere.

---

Generation Z: Tech-Savvy and Community-Oriented

Gen Z (born 1997–2012) brings fresh energy and digital fluency to condo life:

- Emphasis on sustainable living and eco-friendly habits  

- Easy adaptability to smart-home technologies and app-based community platforms  

- Desire for social interaction through organized events (yoga in the courtyard, Netflix watch parties, co-working meetups)  

Their willingness to experiment and connect online can translate into vibrant, engaged condo communities.

---

Side-by-Side Comparison

| Aspect                  | Baby Boomers                              | Generation Z                                 |

|-------------------------|-------------------------------------------|-----------------------------------------------|

| Noise Levels            | Low; prefer calm and early nights         | Moderate; socializing but mindful of noise apps |

| Technology Adoption     | Selective; may need guidance              | High; seamlessly integrate smart-home devices |

| Shared-Space Use        | Scheduled and predictable                 | Flexible; may host pop-up events             |

| Maintenance & Cleanliness | Consistent upkeep                        | Environmentally conscious, DIY solutions     |

| Community Engagement    | Formal gatherings (book clubs, tea hours) | Casual meetups (game nights, co-working)     |

---

Balancing the Best of Both Worlds

Rather than declaring a clear winner, consider what you value most:

- If you crave routine and tranquility, Baby Boomers may fit your vibe.  

- If you thrive on social events and cutting-edge tech, Gen Z could be your ideal neighbor.  

A mixed community often yields the richest condo experience, blending the reliability of Boomers with the innovation of Gen Z.

---

Tips for Harmonious, Multigenerational Condo Living

1. Communication Channels  

   - Set up a group chat or bulletin board to share announcements and events.  

2. Quiet-Hour Agreements  

   - Define reasonable window times for vacuuming, music, and gatherings.  

3. Shared-Space Etiquette  

   - Rotate responsibilities for common-area tidying, from the gym to the pool deck.  

4. Tech-Enabled Solutions  

   - Use booking apps for amenities and noise-monitoring features to alert neighbors.  

5. Intergenerational Events  

   - Encourage knowledge-share sessions: gardening workshops led by Boomers, social-media tutorials by Gen Z.

---

Creating a thriving condo community isn’t about picking sides. It’s about weaving together the strengths of each generation. By understanding what drives Baby Boomers and Gen Z, you can foster respect, innovation, and lasting connections in your building.

---

Looking to take it further? Explore these related ideas:

- Designing age-inclusive amenities (quiet lounges plus co-work hubs)  

- Launching a digital “neighbor mentor” program pairing tech guides and life-skill tutors  

- Hosting a “Green vs. Classic” decor challenge to blend aesthetic preferences  

Condo living blossoms when every resident—Boomer, Gen Z, or otherwise—feels heard, respected, and inspired.

Copyright 2025

Dave Forsberg 

King of Condos 

Presidio Real Estate 

801.651.0707 

Forsiecity@gmail.com 

@forsiecity 

UTAH Short Sale Myth: I will have a deficiency no matter what happens

Salt Lake City, UTAH – Some homeowners looking to short sell their home think that they will have to repay their lender for the entire loss. It’s unfortunate to see them stress out and lose sleep at night wondering how they will repay the debt.

A short sale loss is usually a large bill for the average homeowner. They don’t know how they will come up with that sum of money to repay the lender.

The good news is that most homeowners will not have to repay the lender for the loss. Here is why.
Most loans are owned or insured by Uncle Sam. Around 65-70% of all loans are owned by Fannie Mae or Freddie Mac, or insure by FHA or VA.

Uncle Sam’s policy so far has been to allow homeowners experiencing a hardship to walk away from the debt.

This is good news if you have a Fannie Mae, Freddie Mac, FHA ,or VA loan. Contact me at 801.651.0707 and I’ll research if your loan is one of these types.


In many other cases, lenders will simply agree to erase the debt. They know that you can’t squeeze money from someone who is having financial problems.

Thinking about a short sale? I can help you short sale your property so you can move on with your life. Send me an e-mail at forsiecity@gmail.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (801) 651-0707

Discover how other sellers successfully completed over 650 short sales and request a free consultation by call me Dave at 801.651.0707 today.

Thinking about a loan modification? Our Utah loan modification kit has the instructions you will need to get a loan modification approved with your bank. 

Need to sell immediately?   Call me at 801.651.0707 and we can talk about it.   We buy jomes in ANY CONDITION and can close in 7 days or less.

Thanks for reading this, Dave Forsberg.

Dave is a Real Estate Agent at Presidio Real Estate - Bountiful. UTAHShort Sales Realtor:

Phone: (801) 651-0707.
Email: FORSIECITY@gmail.com.

Greater Salt Lake Short Sales. Real Help for those that need it most.


David Forsberg specializes in loan modification assistance and short sales in Bountiful Utah. Bountiful Loan Modification Help, Bountiful Short Sales. Bountiful Short Sale Realtor Bountiful UT Short Sales. Bountiful Realtor.

COPYRIGHT 2025

I Want To Buy Another Home Right After A Short Sale

Salt Lake City, UTAH – The biggest advantage a short sale has over a foreclosure is that you can buy your next home much sooner.

Get my Free, Step By Step Loan Modification Guide by clicking here.

Here was our answer to DeShawn ’s Question.

Under current lending guidelines, you can buy another home in 3 years after a short sale. After a foreclosure you have to wait 5-7 years in most cases.

(FHA’s current guidelines state that you can get an FHA loan immediately after a short sale, provided that you never missed a payment. If you were in default at the time of the short sale, then you have to wait 3 years before they will approve your loan.)

But, what if did miss a payment and you want to buy another home sooner than that?

There are loopholes in the Fair Credit Reporting Act. Remember, the law was written to protect consumers. It wasn’t written to protect the lenders!

You can use the law to your advantage to get a short sale removed from your credit history. Then, you can fix any other negatives on your credit report.

After that, your credit should be good enough to qualify to buy another home.

Here is why you can have the short sale removed from your credit report. The Fair Credit Report Act requires lenders do certain things before reporting negative credit.

If you lender misses any of these steps, then they are not allowed to post that item to your credit report. Don’t kid yourself; the lenders make mistakes like this all the time.

They are more concerned with getting paid than making sure every credit report is done perfectly. A good lawyer that specializes in this can help you.

They will know the intricacies of the law and help you get the short sale removed from your credit so you can buy another home.

Thinking about a loan modification?Our Utah loan modification guide will show you how to reduce your mortgage payment, keep your home, and get back on your feet. Send me an e-mail at ForsieCity@gmail.com to request a Free Copy.

Or, click here to request a copy.

Thinking about a short sale? I can help you short sale your property so you can move on with your life. Send me an e-mail at ForsieCity@gmail.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (801) 651-0707

Discover how other sellers successfully completed a short sale and request a free consultation by calling today.

Need to sell immediately?   We buy homes in ANY CONDITION and can close in under 7 days.  Call me at 801.651.0707 and I will immediately set up an in home consultation and discuss all your options face to face.

Thanks for reading this, Dave Forsberg.

Dave is a licensed Real Estate Agent at Presidio Utah Real Estate. Utah Short Sales Realtor:

Phone: (801) 651-0707. Forsiecity@gmail.com.

Greater Salt Lake Short Sales. Real Help for those that need it most. Bountiful Realtor

Copyright 2025

UTAH Short Sales: Bank won’t allow my seller to avoid short sale process

Salt Lake City,  UTAH – I recently received a question from another agent. Apparently they were being mislead on a short sale by a large national lender.

Here is the question we received: “Do you have a number to contact Fannie Mae? The bank (Large National Bank) will not allow the seller to not do a short sale and agree to repay the loss on a promissory note.

She said that she has to talk to the investor which is Fannie Mae. My sellers just wants to sell and move on with their life. Janet.”

Get my Free, Step By Step Loan Modification Guide by clicking here.

Here is the question we received: “Do you have a number to contact Fannie Mae? The bank (Large National Bank) will not allow the seller to not do a short sale and agree to repay the loss on a promissory note.

She said that she has to talk to the investor which is Fannie Mae. My sellers just wants to sell and move on with their life. Janet.”


Here was our response. I understand the logic of what your seller is trying to do. They think that they can just sell the home for less thant it’s worth, sign a promissory note for the difference, and move on with their lives.

The sad reality is that life’s not that simple, especially when you are dealing with bankers. Before they make any changes on anything, they want to make sure that everything is ok.

In order to make sure everything is ok, they will have to process the sale as a short sale. That is why they demand before they will transfer the upside down debt to a promissory note.

They always like to keep things at the status quo. Any big changes need to be very carefully evaluated. It’s just the way bankers work.

So, if your seller wants to sell and repay the debt on a promissory note, then they will have to go thru the formal short sale process. It’s the only option that I see.

Thinking about a loan modification?Our Layton loan modification kit will show you how to reduce your mortgage payment, keep your home, and get back on your feet. Send me an e-mail at forsiecity@gmail.com to request a Free Copy.


Thinking about a short sale? I can help you short sale your property so you can move on with your life. Send me an e-mail at forsiecity@gmail.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (801) 651-0707

Discover how other sellers successfully completed a short sale by calling me today. 801.651.0707. 

Thanks for reading this, Dave Forsberg.

Dave is a Real Estate Agent at Presidio Real Estate. UTAH Short Sales Realtor:

Phone: (801) 651-0707. FORSIECITY@gmail.com.

Greater Salt Lake Short Sales. Real Help for those that need it most.

NEED TO SELL IMMEDIATELY?   WE BUY HOMES IN ANY CONDITION!  WE WILL CLOSE IN 7 DAYS OR LESS.  CALL ME AT 801.651.0707 and let's discuss your options. 

Agents Claim the UTAH Short Sale Process Is Flawed. But, How Do We Fix It?

Salt Lake City, UTAH – Many agents have been complaining that the short sale process is flawed. A recent survey of realtors showed that over half of them thought the short sale process was difficult.

Some of the agents complained that they are “struggling with a broken short sale process.” But, why is the short sale process flawed?

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

Because no one is checking the results. There is no stated goal for the process. Have you ever heard of the first step in overcoming alcoholism?

In Alcoholics Anonymous, the first thing a new member does is admit they are an alcoholic. The new member stands up and says, “Hi, I’m Tom and I am an alcoholic.”

At that point they have established the problem and acknowledged its existence. Now they have a clear goal to overcome. Back to short sales.

Have the bank’s established a problem?

Maybe the CEO could stand up says, “Hi, I’m Brian. The bank I head up is losing billions of dollars on bad loans.” In addition, the people invested in our loans are losing billions more.

Finally the American Homeowner is losing billions from a declining housing market caused by abandoned and unloved foreclosures being tossed on the market with no regard for preserving home values.”

Most of us know that this is the problem. If only the banks would acknowledge the problem. But, will they? Let me know if you think they will by posting a comment below.

Thinking about a short sale? I can help you short sale your property and get back on your feet. Send me an e-mail at forsiecity@gmail.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (801) 651-0707

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Bountiful loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Need to sell immediately,  we buy homes any condition,  and close in 7 days or less call me now at 801.651.0707 

Thanks for reading this, Dave Forsberg.

Dave is a Real Estate Agent at Presidio Utah Real Estate - Bountiful. Bountiful Short Sales Realtor:

Phone: (801) 651-0707. Forsiecity@gmail.com.

Greater Salt Lake Short Sales. Real Help for those that need it most.

View My homes for sale at BuyUtahNow.com.

David Forsberg specializes in loan modification assistance and short sales in Bountiful Utah. Bountiful Loan Modification Help, Bountiful Short Sales. Bountiful Short Sale Realtor Bountiful UT Short Sales. Bountiful Realtor. North Salt Lake Realtor, North Salt Lake Short Sales. Short Sales in North Salt Lake. Woods Cross Short Sales. Short Sales in Woods Cross. Woods Cross Realtor. Sunset Short Sales. Short Sales in Sunset. Sunset Realtor. Kaysville Short Sales. Kaysville Realtor. Short Sales in Kaysville. Salt Lake City Short Sales. Short Sales in Salt Lake City. Salt Lake City Realtor. Centerville Short Sales. Short Sales in Centerville. Centerville Realtor.

Copyright 201, LLC. All Rights Reserved.