http://seattleshortsaleblog.com/2009/11/18/giving-your-bank-the-1-2-punch-mortgage-debt-cancellation-and-debt-settlement/ ...breezing through short sales like a short sail Thu, 02 Feb 2012 23:13:13 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://seattleshortsaleblog.com/2009/11/18/giving-your-bank-the-1-2-punch-mortgage-debt-cancellation-and-debt-settlement/comment-page-1/#comment-2209 kevin_kim Sat, 15 May 2010 23:28:45 +0000 http://seattleshortsaleblog.com/?p=99#comment-2209 Yes. The key to winning this war is having BK schedules ready to sent to creditors until they give up or sue. If they sue, file for BK. However, they will most likely be open to a settlement Yes. The key to winning this war is having BK schedules ready to sent to creditors until they give up or sue. If they sue, file for BK. However, they will most likely be open to a settlement

]]> http://seattleshortsaleblog.com/2009/11/18/giving-your-bank-the-1-2-punch-mortgage-debt-cancellation-and-debt-settlement/comment-page-1/#comment-1977 Cindy Tue, 02 Mar 2010 20:21:39 +0000 http://seattleshortsaleblog.com/?p=99#comment-1977 I have successfully completed more than a dozen short sales with no lenders ever pursuing one of my clients for funds. My streak ended today. I have a second mortgage in the amount of $20K, who agreed to a $2000 payment "to release the deed". We proceeded to close on the short sale and they are now pursuing the seller for the $18K. In my view, this is a blantant attempt to do a run around on the debt relief act, and my client is unhappy. Can you give me some advice to maybe make this go away for my client or at the very least keep me from getting sued? I have successfully completed more than a dozen short sales with no lenders ever pursuing one of my clients for funds. My streak ended today. I have a second mortgage in the amount of $20K, who agreed to a $2000 payment “to release the deed”. We proceeded to close on the short sale and they are now pursuing the seller for the $18K. In my view, this is a blantant attempt to do a run around on the debt relief act, and my client is unhappy. Can you give me some advice to maybe make this go away for my client or at the very least keep me from getting sued?

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