Short Sale done ok, what now

By
Real Estate Agent with Young Realty Group, Inc.

I spent three hours reading about short sales and 1099-c, tips, tricks and commissions.  Now what I would like to know is this:  Judgements, judgements, judgements.  Seller walks, bank sells the property and lender sends 1099-C.  Did any of the customers receive filed judgements for the difference.  I looked on our county court records and did not find any.  Are the lenders allowing language in the short sale package for "no judgements"?  Are the lenders allowing items to be worked in with the short sale package to help out the customers? 

I am working a file now with Fremont.  What a nice company, really easy process.  I ASKED permission to short sale, got the requirements and hope to get this going.  I was wondering about the closing day and other hidden lender plans others have seen that I may be able to address now.

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the house to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Groups:
Short Sale Specialists & Pre-Foreclosure Education

Comments 1 New Comment

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the clip to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainer
299,956
Vicente A. Martinez
Realtor, Brooklyn - Long Island - Queens Homes
Prudential Douglas Elliman Licensed Real Estate Salesperson
Hey Lori, the House of Representatives passed a bill allowing full debt forgiveness back to the beginning of 2007. Best of luck and keep doing what you do.
October 26, 2007 09:54 PM
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the truck to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainer
68,717

Lori Young

Broker/Owner
Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the woman to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information