Full Deficiency Release Language on a Litton Regular Short Sale (non HAFA)

Has anyone ever gotten a full deficiency release from Litton as the first lien holder in a non HAFA short sale? The letter we received did not offer a full release.

Thanks for advising - anyone good to escalate the request to?

Jeanne Johnson

Lawyers Financial Group

0 members like this

Replies to This Discussion

Permalink Reply by Donna McClelland on July 12, 2011 at 2:39pm

Hi Jeanne,

The best I've been able to get is "Litton will provide a satisfaction of debt within the statutory time limit governed by the property state." I advised my clients to get legal advice before responding to Litton's short sale approval offer because it is unclear what this means. They decided to just go ahead and agree to the terms and forego legal advice. If you can enlighten me on the meaning of this statement, I would appreciate it.

RSS

Welcome to
Short Sale Superstars

Sign Up
or Sign In

Or sign in with:

Members

View All

Badges | Report an Issue | Terms of Service

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.