What percentage of short sales gets the debtor completely resolved of
Any further debt hereafter. I wonder how many creditors would accept a complete absorption of the balance of the mortgage? I suppose a
Specify narrative should state that the debtor is completely cleared of any further debt after the short sale is completed.

It is completely up to the lender whether to approve the short sale and release the borrower from deficiency liability. Check with them ASAP.

Thanks I was just curious.I guess each short sale is different.

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Originally Posted by pastor1189

I guess each short sale is different.

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Very much so! Short sale policies vary by lender. Within each lender, whether to accept a short sale or not is handled on a case by case basis.