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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Redemption & Deficiency Posted by zachary on May 29, 2003 at 1:21 PM Ward, Just for clarification! In the "50 state resource data" section of the this site. it states that there is no redemption period and Deficiencies are prohibited. I know that the redemption period is in regards to a period of time after the trustee sale. Question: is the Deficiency regarding the discounted amount on a short sale? meaning if I short sale a property in a state that allows deficiencies then the lender has the right to go after the original seller for the deficiency amount? If so then that is not possible in CA right? I guess the lender probably still has to 1099 the seller for the deficiency amount, right? thanks, Zachary Follow Ups: Redemption & Deficiency in CA. Ward-CA- 8:43 PM, 05/29/03 (0) Re: Redemption & Deficiency Travis-CA 2:08 PM, 05/29/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Ward, : Just for clarification! : In the "50 state resource data" section of the this site. : it states that there is no redemption period and : Deficiencies are prohibited. : I know that the redemption period is in regards to a period of time after the trustee sale. : Question: : is the Deficiency regarding the discounted amount on a short sale? meaning if I short sale a property in a state that allows deficiencies then the lender has the right to go after the original seller for the deficiency amount? : If so then that is not possible in CA right? : I guess the lender probably still has to 1099 the seller for the deficiency amount, right? : thanks, : Zachary Optional Link URL: Link Title: Optional Image URL: [ 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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