What can anyone tell me about a possible deficiency judgement, as anyone had this happen? I executed a short sale with my lender Aurora for a substantial amount of deficiency, recieved a W4 and paid taxes against the deficiency. My understanding is that they have 5 years to slap a judgement on me for the decficiency they allowed - but how probable is this?
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Hi Steve, Here are some articles written by a Florida attorney who is a member of this site and a friend of mine.
http://activerain.com/blogsview/2220400/deficiency-judgment-and-loa...
And a glossary of his other articles:
http://activerain.com/blogsview/2220400/deficiency-judgment-and-loa...