Short Sale Deficiency (Follow-up): Because of the potential “deficiency” a short sale Seller may still owe their lender, it may be a good idea to have the Seller sign an acknowledgement that they may still owe money to their lender. In fact, several local title insurance companies require the Seller to sign in order to insure the Purchaser of a short sale property. My law firm is requiring the same form to be signed by all short sale Sellers. Please contact me if you have any questions.
William D. Tucker, III (Bill)
Tucker Griffin Barnes P.C.