There are many, many problems - some of them potentially very hurtful and harmful to the seller - when handled in incorrectly whether by lack of knowledge, lack of ethics, lack of money or other avoidable deficiencies. 

When I speak to h/o regarding the benefit of a s/s vs foreclosure, I explain:1) Currently, lenders usually agree to not pursue a deficiency judgment in a s/s.

Their defense may be that they don't have to disclose hearsay, your telling them doesn't constitute a deficiency existing.

If only we could figure out how to do it as a webinar or whatever it's called where people could speak up as on a conference call, I know nothing about that as I admit being technologically deficient!

Account Closed The one deficiency I see across almost all wholesalers is they come into this thinking wholesaling is their main business...it's a difficult go and very few can scale.

The buyer's home inspector also highlighted about 2 dozen deficient areas where the roofer performed substandard work.In a more positive light, he seems like he's working to fix it fast, now that his license is on the line.I think you're right, I suppose I did get what I paid for @Manolo D. what a nightmare this is turning out to be. 

The property is an investment property so walking away from the property is a little more of a hardship than it would be if it was a primary residence, due to tax consequences and deficiency judgments.

Sometimes it can be 2 to 3 times more expensive to try and correct deficiencies of something that is already there.I know a retail developer that wanted to keep an old building.

Kelvin Letron Brantley Banks are not as lenient today with short sales and most likely would go back after the borrowers for a deficiency judgement.

What she gets out if it, is generally a formal notice from the bank indicating they will not pursue the defaulting borrower for the amount deficient.