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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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Thank you for taking the time on Monday, to explain to me all the details of my case. I really learned a lot from our talk. There should be more people in the world like yourself to make time for others that don’t understand the legal/law side of business.
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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…
Sorry this email is a long time coming. I would like to thank you for all you did for my wife and myself. You were always very prompt and informative whenever anything was needed. Many times I was scared and worried during that difficult time. You always helped…
I have to take the time to say ,Thank You, to everyone involved in my case. Firstly to Francesca, whom I met day one. She is very good at what she does. Very courteous, kind and understanding. I had no idea what I was in for, she made sure I understood everything!…