Frequently Asked Questions What is a short sale? Are there any alternatives to short sale? Can a short sale be done in every state? What does a short sale do to my credit? Can a Homeowner stay at the property during the 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? How long can I remain in my house? Can I track the progress of my short sale? Will I owe any money after the short sale? Will I have to pay any Capital Gains tax if I short sell my property? What is the Mortgage Cancellation Tax Relief? Can a realtor profit from a short sale?