[naut1]

I recently sold my home on a short sale. Now the bank is asking for the money, they said that they sent out a letter stating I would not be relised from the note. I did'nt receive the letter. What acctions do I have?

[tickle]

So you sold your house for a lot less then it was worth. The mortgager wants their money stating they will not release you from the mortgage. You don't have any actions, you have to pay up.

[Fr_Chuck]

No, a short sale is just that, the bank agrees to accept the amount of the offer as payment in full and release you from further obligation.

You need to go back to the real estate offer, and the large stack of paper work that has to be done with short sale offers, and read it very carefully as to what the bank agreed.

If they will not release you from the mortgage, then the mortgage and lien is still valid against the property and the sale is not clear.

If in the "short sale" they refused the short sale, but agreed to allow you to hold the balance of the loan on a unsecured loan, then there should have been a new loan document you had to sign.