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Updated over 14 years ago,

Stephen Gathman's profile image
Stephen Gathman's profile image
Stephen Gathman
  • Member since Mar 16, 2010
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Stephen Gathman's profile image
Stephen Gathman's profile image
Stephen Gathman
  • Member since Mar 16, 2010
Connect
Stephen Gathman
0
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20
Posts
Foreclosures

What % of short sales result in promissory note?

Stephen Gathman
Posted

I was told recently by my realtor that all short sales she has seen closed resulted in the seller having to come to the closing with a promissory note.

We lost a recent deal due to this. Do most SS result in this? If so, how seriously should this note be taken by the seller?
Thanks

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