What Happens to the Deficient Amount in a Short Sale??

What Happens to the Deficient Amount in a Short Sale??

This is one of the top questions we receive from people who are looking at the option of a short sale.

Our goal is to get a short sale approval stating that the bank waives any deficiency rights. I have included in this message two recent sample "Short Sale Approvals" for your review. These are by two large well known banks. One of which is an investor.

The literature we are looking for:

"This letter will confirm our acceptance of the short payoff on the above referenced property."

"We agree to accept the proceeds as full and final satisfaction on the mortgage indebtedness"

"Approval to sell the property which will result in a short payoff of the mortgage of the mortgage... agreed settlement short of full payment and waive any deficiency rights."

Here are two recent short sale approvals that we received (October 27^th 2009)

#1: ShortSaleApproval1.pdf

#2: ShortSaleApproval2.pdf

We are aggressively helping people to avoid foreclosure. Let me know if I can answer questions and be of service to you. At NO cost.

shortshortsale@gmail.com We are short sale servicing all of Lee, Collier and Charlotte Counties... That is Punta Gorda, North Fort Myers, Pine Island, Cape Coral, Fort Myers, Sanibel Island, Captiva Island, Lehigh Acres, Fort Myers Beach, Estero, Bonita Springs, Naples, Marco... http://www.maximrealtors.com/MyBlog

Steve R. Daria (239) 425-5671