Comments for Austin Texas Mortgages Mortgage Information for Austin Texas and Beyond Thu, 28 Jul 2011 07:53:12 +0000 hourly 1 Comment on Talking to Your Mortgage Lender About a Short Sale by Aziz Yousef Aziz Yousef Thu, 28 Jul 2011 07:53:12 +0000 I am a Short Sale Specialist. Short Sale means a homeowner may be able to sell their home for less than what they owe the Lender. When lenders agree to do a short sale, it means the lender is accepting less than the total amount due. Not all lenders will accept short sales or discounted payoffs. The forgiven debt may be taxable income. The seller should discuss this matter with a tax accountant as there are situations where your income would not be taxed.