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

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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 Sun, 10/16/2016 - 15:01

paulcahill80 paulcahill80

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