Has anyone had experience with WellsFargo Short Sale Approvals on the 2nd that there was a non-forgiveness of the debt where the homeowner is still liable to pay the balance back. Is this customary for WellsFargo seconds and has anyone been able to negotiate this to be forgiven before or after the closing?
Tags:
As it seems you may be in a deficiency state then yes it is legal for the lender to pursue the borrower even if the short sale is completed. In regards to negotiating the deficiency to be forgiven it really comes down to the numbers for the lender. We have definitely negotiated this off our clients before. [email protected]
As always, start offering cash settlements...
© 2024 Created by Short Sale Superstars LLC. Powered by
Short Sale Superstars, LLC and www.ShortSaleSuperstars.com does not endorse the real estate agents, loan officers, attorneys, real estate brokers and other participants listed on this site. These real estate profiles, blogs, blog entries and forums are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a short sale. Short Sale Superstars, LLC takes no responsibility for the content on these pages that are written by the members of this community.