Vivian Jackson
Mortgage deficiency
Live in STL, Mo, house is in Jax, FL. Had to move due to layoff in 2009 from Jacksonville. Due to many things, I'm now behind in payments (have renters) but there is always something wrong (air conditioner) for repa...
David Styles
deficiency judgments?
Okay, so when a person facing foreclosure gets bailed out by an investor who works a short sale, are the sellers free and clear?
I know they will get a credit ding of about 70pts and possibly sent a 1099, but what a...
Jeff McIlhenny
Deficiency Waiver
I have a short sale client that has two loans, both with BOA. I already know BOA is a pain, but just wondered if anyone might know the answer to this:
My client purchased his TH and lived there as his PR from 8/05-1...
Minna Reid
Deficiency Judgements
Has anyone actually seen a lender pursue a deficiency after a short sale? Please share the details.
John C
Banks and deficiencies
Why do banks bid at auction and sell properties as REOs. My understanding is that the bank receives 85% to 90% of the deficiency from the fdic regardless of wether it was sold at auction or as an REO. So it wouldn't m...
Tom Bukacek
Suing for deficiencies
If you live in a state where the bank can sue for deficiencies, what is the actual likelihood of a unemployed, broke homeowner going through a short sale being sued for deficiency?
I hear there are more lawsuits than...
Codey Chapman
Drain feild Deficiencies
My agent told me in Washington state you couldn’t buy a house with drain field deficiency’s and that they would all be fixed before I purchased. I have the report showing them all but it was never fixed. It turns out ...
Hament Raju Mahajan
CA deficiency Recovery
For a private loan Secured by investment , business purpose loan (secured by California SFR , purchase money loan) , If the collateral does not have enough value to pay off the entire debt. How can the lender recover...
N/A N/A
question about deficiency bids
I've come across the term "deficiency bid" and I'm wondering how often would a bank really let this happen as opposed to just buying the property and try to sell it as REO down the road? I guess it depends on how muc...
Minna Reid
Short sale deficiency judgements
From what I hear these are becoming more popular, as are loads of collection agencies willing to buy them and pursue for the money. Are you seeing this happen?
If so, then whats really the advantage of the short sale...