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Hi Jim,
A charge off is an accounting step from the bank's point of view.
> I am wondering, does this mean they may have written it off and may not pursue us?
That's a question for an attorney. It depends on state laws, type of loan you had (purchase money vs refinance), etc.
Essentially in your short sale they released the lien to make the sale possible, but most likely you were not released from liability.
The language in your short sale approval letter should shed more light on that.
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