Question

 What is a short sale deficiency?

Answer A short sale means the borrower and bank agree to terminate the mortgage if the debtor sells the home and gives all to the bank. However, sometimes the sale price of a home is less than the balance... Read More »
http://www.answerbag.com/q_view/1905414

Top Q&A For: What is a short sale deficiency

What happens if there is a deficiency after a short sale?

A short sale allows a homeowner to sell the home for an amount that is less than the balance due on the mortgage. A law passed in 2007 may allow an individual to avoid taxes on the cancellation of ... Read More »
http://www.answerbag.com/q_view/1911821

How to Collect on a Deficiency Judgment During a Short Sale in Florida?

A deficiency judgment is defined as, "a judgment for the amount a homeowner owes the lender after a house or other asset is foreclosed upon and sold by the creditor for less than the actual debt---... Read More »
http://www.ehow.com/how_6829959_collect-during-short-sale-florida.html

What happens to a judgement balance in a real estate short sale in New York state. If there is no equity in the sale will the judgement be released?

In any state, Judgements are usually filed with a court. In order for the Judgement to be released, someone -- preferably the party that filed the Judgement -- must be satisfied before the Judgemen... Read More »
http://wiki.answers.com/Q/What_happens_to_a_judgement_balance_in_a_real_estate_short_sa...

Short Sales & Deficiency Judgments?

A deficiency judgment is a legal document filed by a mortgage company with the court system as an order for the borrower to pay the shortage between the mortgage balance and a post-foreclosure sale... Read More »
http://www.ehow.com/about_6539118_short-sales-deficiency-judgments.html


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