Seller learns shocker after agent refunds client's $20K
Beware of 'phantom income' penalty
Couple could lose home after erroneous money deposit
Heavy tax burden looms for those attempting short sale
Written agreement or court order needed to access funds held in escrow
5 IRS rules must be met when selling
Demand an earnest money deposit that's too big to forfeit
'Partial prepayment' can lessen the blow
The higher the credit score, the longer it may take to fully recover
Legal, financial protection should be main concern
Why not add mom as co-borrower?
Seller in cash deal underestimates document's value
Daughter worries bank will call loan due before she can find a job
Rent may be free, but taxes and maintenance are not
Daughters need property title in their names to qualify