If you live in a state where the bank can sue for deficiencies, what is the actual likelihood of a unemployed, broke homeowner going through a short sale being sued for deficiency?

I hear there are more lawsuits than...

My agent told me in Washington state you couldn’t buy a house with drain field deficiency’s and that they would all be fixed before I purchased. I have the report showing them all but it was never fixed. It turns out ...

For a private loan Secured by investment , business purpose loan (secured by California SFR , purchase money loan) , If the collateral does not have enough value to pay off the entire debt. How can the lender recover...

Hello CTC,

I have a concern. I recently had a short sale approved in California through B of A and the buyer wants to close asap. I got a letter from B of A stating "BAC Home Loans Servicing, LP...

Hello BP, I am evaluating a 4-plex in the Austin, TX area. The last tax assessment was for $395k in 2015 (~$9k taxes based on 2.2% tax rate). However, in the meantime, a similar property to the one I am evaluating sol...

Facts as per CAR attorneys:
1. FICO impacts are the same on SS and foreclosures
2. Banks will seldom if ever relinquish their right to recover on deficiencies
3. There will likely be tax consequences with SS and th...

I've come across the term "deficiency bid" and I'm wondering how often would a bank really let this happen as opposed to just buying the property and try to sell it as REO down the road? I guess it depends on how muc...

From what I hear these are becoming more popular, as are loads of collection agencies willing to buy them and pursue for the money. Are you seeing this happen?
If so, then whats really the advantage of the short sale...

Hello, Has anyone heard of a debt service deficiency agreement?  Faye