I think you may have meant deficiency.

You need to go as long as you can to allow the value to come back so the buyer can have the property appraise out for a new loan.Three years won't make a dent on that big of a deficiency!

My thought is that they want to refer to someone that can get them done in a professional, ethical and productive manner, save the homeowner from foreclosure and a deficiency judgment, and make sure the Realtor gets the full commission.

This is especially true if there is a second mortgage and if the state allows for a deficiency judgment.

The lower the deficiency amount.

In Florida, your alllowed to file deficiency judgments against the borrower's these bring in added dollars from bad debt collectors.3.

They are also entitled to any deficiency judgement if state law allows it.

We buy notes, sell the collateral and then attempt to collect deficiencies if the ability to collect presents itself.

All this is to say that, if I had a listing agent and they did that with you as a buyer, my agent failed to act in my best interest and I could ask them to make up that deficiency.

I thought the new rules stated nothing over $800,000...or is it nothing over $800,000 where the deficiency is waived...anyone here do luxury homes?