We are going through a short sale and have gotten a packet saying that it was accepted. They accepted 100k less that what we owe. Line 11 is stated as below and wanted to see what peoples take on it are and if I will end up paying back the 100k. Thanks
11. The borrower must sign the attached acknowledgment to all terms specified in this approvel and must acknowledge that IndyMac mortage services retains all deficiency rights as provided by note, deed of trust and/or security agreement in accordance with local and federal laws, provided that IndyMac mortage services only retains said deficiency rights in the event of fraud.
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