Short Sale Deficiency Calculator
Short Sale Deficiency: a planned Super Calculator tool. Covers sale price (currency) and first lien balance (currency). Stub page. Not published yet. Scope is.
Short Sale Deficiency Calculator is a planned calculator in the real estate section of Super Calculator, covering distressed lending.
What this calculator will compute
Inputs: sale price (currency), first lien balance (currency), junior liens (currency), selling costs (currency), state and insolvency position (currency).
Outputs: deficiency (currency), anti-deficiency protection (yes or no), potential taxable cancellation of debt income (currency) and net position (currency).
Formula, recorded as scope and not yet verified against a primary source: Deficiency = total liens plus selling costs less net sale proceeds. Whether the deficiency is pursued or forgiven depends on state anti-deficiency law and lender agreement, and forgiven debt may be taxable as cancellation of debt income unless an exclusion applies.
Status
This page is a stub. The calculator is not built, no figure on this page has been verified against the authority that sets it, and nothing here should be used to make a decision. The page exists so that the site structure is complete and so that articles can link this concept on first mention.
The stub carries noindex, nofollow and is excluded from the sitemap.