Approval letter will not waive anti deficency

Had really smooth short sale with Chase and received approval letter.  They want seller to sign they are still liable for any amount still owed under first mortgage.  This is original loan all purhcase money.  Seller has medical hardship and had to move due to son in law having cancer.  Very frustrating, in Arizona if they let house go there will be no anti deficency.  Try to do the right thing and they sock it to us.  Calling the resolution department or if anyone else can steer me in right direction to get this clause removed from letter let me know. 

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Replies to This Discussion

Permalink Reply by Wendy Rulnick on January 25, 2012 at 7:38am

Try Chase escalation number - see the group info.

Permalink Reply by Anna "Banana" Kruchten on January 25, 2012 at 9:52am

Bill we've run into this quite a bit here in AZ.  We have  attorney write a letter stating..... once again how it works in AZ and the sellers will walk if need be to protect themselves.....this is good deal take it or....  It has worked. If you need a few contacts on attorney info message me and I'd be happy to put in you touch with one or two.  

Permalink Reply by Bill Iannelli on February 3, 2012 at 3:19am

Thanks Anna, sent them the statute and they changed the wording. Amazing how they try and work it.  You really need to be tough with them.

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