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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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My name is Patty Simmons and would like to say thank you to the team at Acclaim Legal Services. Myself and my husband filed Chapter 13 in 2009. It was a bumpy road for us initially, but our Attorney and Cindy Millns helped us through the process. After five years, we are finally done and could not…
The help I received from acclaim was invaluable! Considering the complexity of bankruptcy, I’m especially thankful for the assistance of my attorney in establishing a plan and initiating the process. I’m also thankful for the ongoing help of paralegal Nicole…
What a Wonderful Experience!
I just wanted to take a minute to let you know how very satisfied I am with the way my case was handled. From the very first phone call to the discharge “congratulations” email I received from Cindy Millns. I was scared to death to go…
We would like to say thank you to Acclaim Legal Services- especially to Cindy Millns and Christopher Jones for helping us with the Chapter 13 process.
We appreciate all that you have done for us – you were always there to answer any questions that we…