Updated over 16 years ago on . Most recent reply
Deficiency Judgements
Has anyone actually seen a lender pursue a deficiency after a short sale? Please share the details.
Most Popular Reply
Not ever a deficiency if you put this in your purchase and sale contract for the "to be foreclosed home owner" before you send in the short-sale package:
Subject to: mortgagee's FULL SATISFACTION and lien releases with waiver of deficiency collection.