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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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I have worked primarily with Cindy. She has been terrific. She answered any concern I had promptly and courteously. It made a difficult situation easier to deal with.
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I have been a client if Acclaim Legal Services since 2004. The legal services that they have provided for me during the time that I was experiencing some financial challenges, saved my home, car, credit, and dignity. I did not know what I was going to do,…
Brian Rodriguez spent more than a generous amount of time with me on the phone. He answered all my questions and concerns. Your firm proves time and again that you care for your clients like family.
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I am writing to thank you for your excellent, client-oriented service through a difficult financial hardship.
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After a thorough…