Short Sale Deficiency-Negotiation Suggestions

Can anyone give me an idea if you have had experience with Wells about how to negotiate deficiency judgment off in short sale. Also, how to structure re-payment schedule on this

Lien removed. First the lien and deficiency taken care of.

Second scenario: $60k loan

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Comment by Jane Schippers on April 23, 2011 at 3:29am: We are working on one now and I had the same question for the negotiator. Her answer was that the only way Wells won't issue a 1099 is if the sellers agree to negotiate a settlement with Wells' recovery department AFTER closing. I really had never heard of that one before so I'm looking into it more....

Comment by Wendy Rulnick on April 21, 2011 at 6:59am: Their standard short sale approval letter addresses issuing 1099-C for cancelled debt.

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