From the daily archives:

Saturday, February 6, 2010

Can Your Bank Accept a Short Sale and Still Demand Payment?

February 6, 2010

In a word, YES. According to this article from Yahoo Finance and CNNMoney.com, if you’ve sold your home as a short sale, or you’ve been foreclosed on, your mortgage company may still be able to get a deficiency judgement against you. BB&T (my personal mortgage holder) has affirmed that they are seeking more and more [...]

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