http://roostblog.disqus.com/Real Estate at a GlanceenThu, 09 Jul 2009 13:25:52 -0000http://blog.roost.com/2009/06/30/lot-banks-making-short-sale-benefits/#comment-12388403<p>Our Short-Sale Team here in Vancouver Washington is seeing that much more often, where the first-note holder, and perhaps more often the second-note holder will allow the short sale to go forward BUT not waive their right to pursue a deficiency judgement. The truly vexing part is we are finding out about this in the middle of a transaction.</p><p>This may often leave the seller hoping to avoid foreclosure, stopping the transaction. This leaves frustrated buyers, sellers and real estate agents, unless we as the listing agents can push-back with the banks and obtain in writing their waiver on pursuing a deficiency judgement.</p>John, Remax Vancouver WAThu, 09 Jul 2009 13:25:52 -0000http://blog.roost.com/2009/06/30/lot-banks-making-short-sale-benefits/#comment-11983156<p>Great food for thought! I always tell sellers who may find themselves in this situation to seek advice from their tax advisor and/or real estate attorney. The fine print can get you really bad in this situation. Great advice Roost!</p>DaleChumbleyWed, 01 Jul 2009 12:24:38 -0000http://blog.roost.com/2009/06/30/lot-banks-making-short-sale-benefits/#comment-11969291<p>Great !</p>Cosmin CWed, 01 Jul 2009 03:01:19 -0000