---

RE: Short Sale-Deficiency Judgments

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
KuczmarskiN Joined: 27 Aug 2010 Posts: 1 1.00 Dollars($)	Posted: Fri Aug 27, 2010 7:44 am    Post subject: RE: Short Sale-Deficiency Judgments Like 0 Dislike 0 Lender approves short sale closing. Does Lender have the right afterwards to go after Seller for deficiency judgment?
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Fri Aug 27, 2010 9:40 pm    Post subject: Like 0 Dislike 0 Hi KuczmarskiN! Welcome to forums! The lender has the rights to come after you for the balance dues resulting from the short sale of the property. If you do not pay off the dues, then the lender can charge it off and a collection agency might come after you for the dues. However, in non-recourse states, the lenders will not be able to come after the borrower for the balance dues. Feel free to ask if you've further queries. Sussane

Quick Reply
Your Name
Subject
Image Verification	Enter the code above here : Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours

Page 1 of 1

---

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0