Tell me how to do that Will, I'm technologically deficient, I was born before 1969!

I have had a homeowner balk because the lender would not waive a deficiency.

I'd rather try to deal with the owner, just explain where she is at with a foreclosure and possible deficiency, if applicable.

In my state, if you do a deed-in-lieu of foreclosure, you forfeit your anti-deficiency protection.

Have your friend put a contingency in the sales contract that the buyer must get the lender to waive its rights to file a deficiency judgment against seller.

I personally encourage all BoA sellers to serioulsy consider an alternative to a short sale like bankruptcy since they encourage promissory notes and will file deficiencies whenever possible.

Is this the language I should be looking for in terms of deficiency?

I certainly cannot pay the $52K deficiency they claim.

It might get sticky as the bank may say they want the whole loan paid off after notice of demand, but your position is (and that of the owner) is to reduce his liability and possible deficiency amounts and the bank will have to show that they will be in a position with that one unit, that's a hard thing to prove!

We use it to determine if we should be going after the seller for a deficiency judgement or like the article mentions, a cash contribution or promisory note.