Video 79: If you sell your house via a short sale will you owe money or are you covered under Arizona anti-deficiency laws? This is a very important subject that any agent who is even considering doing short sales should understand. You are not by default protected. Kevin Hardin of Thomson Conant Law Office in Phoenix answers that question for us. Would love to hear your thoughts, you can leave a comment or e-mail me Dean Ouellette.
Video 78: If you allow your house to go to foreclosure can the bank who had that loan come after you for any of their loses? Kevin Hardin of Thomson Conant Law Office in Phoenix answers that question for us. Would love to hear your thoughts, you can leave a comment or e-mail me Dean Ouellette.
Video 46: Can the bank come after you for the difference in my short sale price and the mortgage amount? Maybe, first it depends what state you are in. Arizona has a anti-deficiency law which does not allow the bank to come after you. BUT they can work in language into your short sale acceptance to change that. Make sure you understand every word of the final acceptance on your short sale that you sign. I would love to hear your thoughts or any questions you may have about short sales, you can leave a comment or e-mail me Dean Ouellette.
