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Does a Short Sale Result in Deficiency Debt?
Posted by AcclaimLegalService
Many homeowners seek a short sale if they are no longer able to maintain their mortgage payments or wish to step away from the property due to valuation issues. In most cases, the homeowner needs to prove a financial hardship for the bank to engage in a short sale. When the house is sold for an amount less than your mortgage, the remaining balance is known as "loan deficiency debt." The common…
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Greetings Julie! This is to let you know about our experience with Acclaim Legal Services regarding our Chapter 13 Bankruptcy case. Chris made the journey easy because of his prompt replies to our emails and phone calls. He always kept us abreast of what was…
I greatly appreciate the excellent job done by Attorney Chris Jones together with Cindy Millns upon the completion of my Chapter 13. They are very prompt and thorough in helping me resolved my 2nd mortgage, credits, helped me make a realistic budget all thru…
Thank you so much for your help through the Chapter 13 process. It has been a tough 5 years for our family with both of us losing our jobs nearly at the same time, dealing with unemployment and bankruptcy…so glad to be at the end of this journey and getting back to normal. This entire process was…
My experience with the Chapter 13 process from beginning to end was challenging at times. Throughout the almost six years working with Acclaim Legal Services, I must say that from the very first day when my wife and I met with William Johnson to the final days working with Attorney Chris Jones and…