http://soundbiteblog.com/2007/10/24/wa-foreclosures-what-is-a-deficiency-balance/ Bite Me! Sat, 22 Nov 2008 10:22:00 +0000 http://wordpress.org/?v=2.6 http://soundbiteblog.com/2007/10/24/wa-foreclosures-what-is-a-deficiency-balance/#comment-8124 Carole Cohen Mon, 05 Nov 2007 02:50:35 +0000 http://soundbiteblog.com/2007/09/09/wa-foreclosures-what-is-a-deficiency-balance/#comment-8124 This is a big issue in NE Ohio since we are one of the foreclosure leaders. We have a few wonderful non profit groups working to helpl as well. I have had three people in last six months with positive results from their lenders regarding short sales. So maybe it depends? This is a big issue in NE Ohio since we are one of the foreclosure leaders. We have a few wonderful non profit groups working to helpl as well. I have had three people in last six months with positive results from their lenders regarding short sales. So maybe it depends?

]]> http://soundbiteblog.com/2007/10/24/wa-foreclosures-what-is-a-deficiency-balance/#comment-7849 Mariana Wagner Mon, 29 Oct 2007 15:39:18 +0000 http://soundbiteblog.com/2007/09/09/wa-foreclosures-what-is-a-deficiency-balance/#comment-7849 Hi Guys! Our recent experience has been that banks/lenders are less likely to 1099 short sale sellers and would rather go after them for the entire owed balance. Yes, sometimes the banks "work" with the Sellers for an agreed upon balance repayment, and sometimes we still see a 1099 agreement, but more and more we are just seeing the bank follow though with the foreclosure than "settle" for anything less. Hi Guys! Our recent experience has been that banks/lenders are less likely to 1099 short sale sellers and would rather go after them for the entire owed balance. Yes, sometimes the banks “work” with the Sellers for an agreed upon balance repayment, and sometimes we still see a 1099 agreement, but more and more we are just seeing the bank follow though with the foreclosure than “settle” for anything less.

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