approval letter

[Dave Stevens]

I got the approval letter yesterday from Citi Mortgage on my first deal!!! Is this the language I should be looking for in terms of deficiency?

5. Upon receipt of the NET PROCEEDS and a COPY OF THE FINAL SETTLEMENT STATEMENT, CitiMortgage, Inc. will give a full release and reconveyance of their loan as agreed and no deficiency judgment will be instituted.

Thanks, I have learned so much by reading this forum.