Posts Tagged ‘Balance’

Are you short selling your home are you protected?

November 4, 2009

In some cases you may be responsible for any balance owed between the sales price and the amount you owe. Banks may retain the right to obtain a Judgement for payment. You should always have an attorney review your short sale agreement from the bank prior to executing the sale. In some cases you may be better off allowing the bank to foreclose on the property!