I just read this blog from Patty Da Silva. Hearing good news about short sales, and banks releasing sellers from further liablility is not something you hear every day and needs to be read by all.
The comment section has been disabled, please go to Patty's blog and leave comments there... SHE DESERVES IT.
And the approval letter reads: "Upon receipt of the agreed amount, BAC Home Loans Servicing, LP, and/or its investors will waive the remaining balance due on the above referenced loan and release the borrower from further obligation therein, and waive all rights to pursue further judgment or deficiency.
Today was a good day for all Borkers, agents and sellers who have devoted much of their time and lives so we could get to this point! :)
Help lots of people and have a great day!
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