Скачать или смотреть If a lender approves a short sale, will the deficiency automatically be written off by the lender?

If a lender approves a short sale, will the deficiency automatically be written off by the lender? | J Perez Legal, PA | Juan Perez | http://jjplegal.com/en/ | (954) 450-2585 | 8527 Pines Blvd., #201, Pembroke Pines, Florida 33024


One of the things that are negotiated, in the process of a short-sale negotiation, is the deficiency that will remain. Remember, the short sale is selling the property for less than what it's worth. By definition, there will always be a balance remaining. Sometimes, the lenders will forgive that balance. Sometimes, the lenders will not. They will just allow you to sell the property, but maintain their right to collect the deficit. One of the things that you need to do, is make sure in your short-sale negotiations, that you are, in fact, requesting, and the bank is accepting, a waiver of that deficit.