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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: California Home Situation - please help Posted by JK (the other JK) on April 21, 2009 at 2:14 PM In Reply to: Re: California Home Situation - please help posted by NK on April 21, 2009 at 1:59 PM : Thanks again for the info JK - and the RE Agent will negotiate the deficiency or will a RE lawyer have to do that Deficiency? Here's the way a Short Sale works: http://en.wikipedia.org/wiki/Short_sale_(real_estate) If the bank tries to get you to sign a Promissary Note for any loss, don't do the Short Sale. Let them know you will let it foreclose, and file BK. Follow Ups: Select an effective negotiator... CC in OC 9:19 AM, 04/22/09 (2) Re: Select an effective negotiator... JK (the other JK) 10:01 AM, 04/22/09 (1) If JK says it... CC in OC 10:13 AM, 04/22/09 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : Thanks again for the info JK - and the RE Agent will negotiate the deficiency or will a RE lawyer have to do that : Deficiency? : Here's the way a Short Sale works: : http://en.wikipedia.org/wiki/Short_sale_(real_estate) : If the bank tries to get you to sign a Promissary Note for any loss, don't do the Short Sale. Let them know you will let it foreclose, and file BK. [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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