Deficiency Note - Loan Modification Forum

darnson · 10-24-2009, 12:01 PM

Can you dispute a deficiency note after the close of a short sale?

TrappedFL · 10-28-2009, 10:54 AM

Your question is pretty vague, but my response would be that the best way to dispute a deficiency note is to avoid one in the first place by attempting to negotiate a release of the deficiency during the SS. An experienced SS attorney would be key to this. You could hire a debt negotiation attorney after the SS, to try and negotiate out the balance of the note, but my recommendation would be do try to eliminate the note before the SS is complete if possible.

we're_still_reviewing · 10-29-2009, 11:46 AM

Quote:

Originally Posted by darnson

Can you dispute a deficiency note after the close of a short sale?

You can dispute it but they have the right to sue you for the deficiency. I would consult an attorney. If they sue you then file for BK.

10-24-2009, 12:01 PM	#1 (permalink)
darnson Junior Member Join Date: Oct 2009 Posts: 1 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Deficiency Note Can you dispute a deficiency note after the close of a short sale?

10-28-2009, 10:54 AM	#2 (permalink)
TrappedFL Member Join Date: Jul 2009 Posts: 20 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Deficiency Note Your question is pretty vague, but my response would be that the best way to dispute a deficiency note is to avoid one in the first place by attempting to negotiate a release of the deficiency during the SS. An experienced SS attorney would be key to this. You could hire a debt negotiation attorney after the SS, to try and negotiate out the balance of the note, but my recommendation would be do try to eliminate the note before the SS is complete if possible. __________________ Loan Amount = $249,500.00 at 6.89% 1st with CITI Home Value= $120,000.00 FLORIDA, a Recourse State

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