Pickle Real Estate

Reading Between the Head-Lines

Short Sellers BEWARE

2009-07-10  Calculatedrisk.blog

“Often, the troubled home owner assumes the loss will be eaten by the lender. But Bank of America and Chase have quietly added language in their short-sale agreements that require the borrower to sign a promissory note for the shortfall.”

Full Article Here

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July 20, 2009 - Posted by | Banking, Foreclosure, Lending, Real Estate

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