What Is a Deficiency in a Short Sale?

Lane County Real Estate Podcast with Tyler Head

Contenu fourni par Tyler Head. Tout le contenu du podcast, y compris les épisodes, les graphiques et les descriptions de podcast, est téléchargé et fourni directement par Tyler Head ou son partenaire de plateforme de podcast. Si vous pensez que quelqu'un utilise votre œuvre protégée sans votre autorisation, vous pouvez suivre le processus décrit ici https://fr.player.fm/legal.

9+ y ago

MP4•Maison d'episode

Selling your Lane County Home? Get a free home value report
Buying a Lane County Home? Search all homes for sale

Today I'll be answering more questions about short sales. I'll be answering this question in particular:
What will happen to the difference of what I owe on my property and what the bank will receive once my property is sold?

This difference is known as the deficiency in a short sale. Almost 99% of the time, this difference is completely forgiven. It's hard to believe, but banks will just let that money go.
However, if this is not the case, then you'll need to speak with a qualified mortgage professional and possibly an attorney. If you find yourself in this unfortunate circumstance, then please contact me and I would be happy to refer you to some of my preferred vendors that could offer you assistance.
As always, if you're in need of a good real estate professional in Lane County, please consider me your #1 option!

20 episodes

#Real #Estate #Agent #Top #Local #Find #Location #Home #Selling #Tips #Process #Property #Search #Prop #Tyler Head #Podcasting Education #Video #Sales #House #Buy #Finders