Has anyone else had trouble getting BSI to include language to release deficiency on a 1st lien short sale Approval Letter? (This is a Florida property.) The rep tells me they intend to release deficiency. They modified the Approval letter to say they will report to the bureaus as paid in full, but this is not exactly a release from deficiency. The latest is they send me an agreement that is a Cash for Keys agreement which releases deficiency but it is absurdly full of holes, and not the same as a short sale. The seller's attorney is having fits.
This seems strange. How hard is it to say we will release all claims to deficiency when all terms of this Approval Letter are complied with?
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