Deficiency Judgments, Foreclosures & Short Sales

Here’s one of the more recent questions from the Washington Association of REALTORS® legal hotline.  The deficiency judgment seems to be a hot topic again lately.. and another reason why you should seek an experienced agent for your short sale situation. QUESTION:
When can a lender take a deficiency judgment against a seller and, conversely, when is a lender prohibited from taking a deficiency judgment? Continue reading “Deficiency Judgments, Foreclosures & Short Sales”