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The bank I have mortgage with approved my short sale. What…

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The bank I have mortgage...
The bank I have mortgage with approved my short sale. What documentation should I request from them to make sure they forgive me the balance? I owe $225000 and the house will be sold for $106000.
Submitted: 8 years ago.Category: Real Estate Law
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Answered in 1 minute by:
6/9/2010
Real Estate Lawyer: JBaxLaw, Lawyer replied 8 years ago
JBaxLaw
JBaxLaw, Lawyer
Category: Real Estate Law
Satisfied Customers: 11,396
Experience: Experienced Real Estate Attorney! How may I help you?
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Your short sale approval should include a written statement from the lender accepting the offer and waiving any recourse to seek the remaining balance on the loan.

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Please click on the ACCEPT button for my answer so that I receive credit for assisting you. You may continue to ask follow-up questions after accepting. If the information is helpful, I would very much appreciate positive feedback. Bonuses are also appreciated. The responses do not create an attorney-client relationship and are informational only.
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