Edwin Baloloy's Blog (1)

When is it better to Simply "Walk" (Foreclose) and not seek a Short Sale?

If you’ve found this blog just by searching on the internet, there’s a good chance you’ve read the advantages a Short Sale can have over simply “walking” from the property and letting your lender foreclose.

In case you haven’t heard the reasons, let’s list some of them:

1. No Deficiency – if you have a “recourse” loan in California, you can be subject to further collections and a deficiency judgment after foreclosure. On the other hand, California Civil Code…

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Added by Edwin Baloloy on September 3, 2012 at 12:30pm — 2 Comments

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Edwin Baloloy's Blog (1)

When is it better to Simply "Walk" (Foreclose) and not seek a Short Sale?

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