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.
Yvonne T. Griffin
Tucker Griffin Barnes, Charlottesville Attorneys1-434-973-7474Monday - Friday, 9am to 5pm
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And now the Legal Disclaimer:
The information in this blog is based only on Virginia law and is not meant to apply in any other state. If you have questions regarding the laws in another state, please contact an attorney who is licensed to practice in that state. This information is also very general in nature. Every case is unique. Please consult with a Virgina attorney for the specfic details of your case.
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