Debt Consolidation Forums Getting a loan or mortgage and avoid foreclosure forums

Do I have to pay anything extra after a short sale?

member profile picture
Posts: 1
Credits: 17.6

I am Maria. if my house goes in a short sale, do I owe anything more on the mortgage loan?

Suppose, your lender allowed you to sell your house at $250,000. But, the actual loan amount is $280,000. Your incurred a deficient amount and the difference is $30,000. A lot of states permit its lenders to extract the deficient loan amount from their borrowers after a short sale. So, your lender can win a personal judgment against you and force you to cough up the remaining mortgage loan money.

Sub: #1 posted on Mon, 10/17/2016 - 03:31

paulcahill80 paulcahill80

(Posts: 2359 | Credits: 258.2)

More information
  • Files must be less than 1.25 GB.
  • Allowed file types: txt pdf jpg jpeg png.
Post as a guest
This question (Case Insensitive) is for testing whether you are a human visitor and to prevent automated spam submissions.
Post as a member

Share post

Page loaded in 0.779 seconds.