deficiency judgments?

[David Styles]

Okay, so when a person facing foreclosure gets bailed out by an investor who works a short sale, are the sellers free and clear?

I know they will get a credit ding of about 70pts and possibly sent a 1099, but what about deficiency judgements? Are these still handed out to the sellers or did that bill a few months back change things? I could have swore I heard something about Bush passing something to that effect.

Thanks.