It is possible? Has Bank of America ever waived their right to any furture deficiency judgements against the homeowner?
I have been told they will never issue a letter saying they will do so. Has anyone been successful at getting this letter from this bank?
I have an approval on a FHA short sale but I have been unsuccessful at getting the negotiator (via equator) to issue a debt forgiveness letter. My client (the seller) will not proceed until we have this letter.
Any advice?
Thank you,
Terrie
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If you look at all the mortgage lien releases filed by BoA you will see that practically ever one says it has received full payment of the debt, the indebtedness is paid, the note is paid in full, or similar langauge. We did a DIL a few weeks ago and the DIL document (the deed) that BoA prepared through their attorney said the consideration for the deed was full release of the indebtedness of the loan.
Remember, the BoA letter says "may"
Richard Zaretsky [email protected]
Is this a primary residence? If not good luck, However according to internet news things are changing April 05, 2010.
That is not true. We have gotten a full release and NO deficiency. We also have been able to get BofA to waive their right to pursue deficiency after the fact.
That is not true. We have gotten a full release and NO deficiency. We also have been able to get BofA to waive their right to pursue deficiency after the fact.
That is not true. We have gotten a full release and NO deficiency. We also have been able to get BofA to waive their right to pursue deficiency after the fact.
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