I just received a short sale approval today. The letter states," it's investors MAY pursue deficiency judgment." My sellers were going to let the home go to foreclosure until they received a phone call from BOA telling them a short sale was a better option for them. Any recourse is NOT a good option. Help!!!! Any Suggestions?
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Does your state allow deficiency judgements on foreclosures? Some state do, some don't. We had one seller stand their ground and tell them they would not sign and it was removed.
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