What I've seen is they will do that and file a deficiency judgment against a borrower where they think they might be able to collect.Don't know how the process works in Ohio, but in many areas, like CO, its cash on the barrelhead.

Are you in a deficiency judgement state?

The agent was not pleased as the reported deficiences now become a disclosure issue.

Are you in a deficiency state with a charged off balance that is (will be) due? 

You should get an agreement from the lender that the proceeds from the short sale are full and final payment for the loan, and that they will not pursue a deficiency judgment.

Pros: Short sales allows the homeowner to avoid foreclosure, the legal process used by lenders to enforce payment of a mortgage debt.Lenders can obtain deficiency judgments after a short sale in some states.Cons:Short sales are usually anything but short.

A tax lien that goes thru a proper foreclosure will eliminate all mortgages, judgments (child support, deficiency, etc) and even certain tax liens and government liens.

One buyer I presented didn't happen because they wanted to be paid money on a certain $$ amount collected on deficiencies once buyer purchased these from them.

If 100% occupancy at 7,100 a month by 12 is 85,200 gross by at least half costs is 42,600 which at a 10 cap is a purchase price of 426,000 without any immediate CAPEX needed for repairs.The 50% is based on ongoing maintenance and not CAPEX which is immediate repairs that are deficient from the previous owner deferring maintenance to show a healthier cash flow than what is realistic or expected.

You can get a CO with deficiencies on it, and fix it within a certain amount of time period.