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    pastor1189's Avatar
    pastor1189 Posts: 1,538, Reputation: 3
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    #1

    Jul 23, 2014, 07:26 AM
    Short Sale
    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.
    AK lawyer's Avatar
    AK lawyer Posts: 12,592, Reputation: 977
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    #2

    Jul 23, 2014, 08:21 AM
    It is completely up to the lender whether to approve the short sale and release the borrower from deficiency liability. Check with them ASAP.
    pastor1189's Avatar
    pastor1189 Posts: 1,538, Reputation: 3
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    #3

    Jul 23, 2014, 09:15 AM
    Thanks I was just curious.I guess each short sale is different.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
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    #4

    Jul 23, 2014, 10:32 AM
    Quote Originally Posted by pastor1189 View Post
    I guess each short sale is different.
    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.
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