Replies to This Discussion

Permalink Reply by Kathy Batterton on October 8, 2009 at 3:18am

From what I can gather after speaking with them, we can go ahead and close a short sale. The seller is still eligible for the payment from HAP to help pay off a deficiency judgement or promissary note. Is that what everyone is being led to believe?

Permalink Reply by Wendy Rulnick on October 10, 2009 at 4:52am

They said "liablities" from a foreclosure. I don't think the HAP site is clear about that. No matter what, seems that the homeowner is still responsible for AT LEAST 5% of the upside down amount.