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Updated about 16 years ago on . Most recent reply

Minna Reid's profile image
Minna Reid's profile image
Minna Reid
  • Real Estate Broker
  • from Jacksonville FL & Middletown CT
  • Member since Jan 16, 2008

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1,372
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625
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Minna Reid's profile image
Minna Reid's profile image
Minna Reid
  • Real Estate Broker
  • from Jacksonville FL & Middletown CT
  • Member since Jan 16, 2008
Minna Reid
  • Real Estate Broker
  • Jacksonville FL & Middletown CT
625
Votes |
1,372
Posts
Foreclosures

Deficiency Judgements

Minna Reid
  • Real Estate Broker
  • Jacksonville FL & Middletown CT
Posted

Has anyone actually seen a lender pursue a deficiency after a short sale? Please share the details.

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Felix Liusky's profile image
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Felix Liusky
  • Real Estate Investor
  • from Los Angeles, California
  • Member since Aug 15, 2009

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Felix Liusky's profile image
Felix Liusky's profile image
Felix Liusky
  • Real Estate Investor
  • from Los Angeles, California
  • Member since Aug 15, 2009
Felix Liusky
  • Real Estate Investor
  • Los Angeles, CA
7
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Felix Liusky
  • Real Estate Investor
  • Los Angeles, CA
Replied

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.

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