Utah is one of the states that allows deficiency judgments. Recently, one of our sellers held out and would not close unless the Bank put in writing that they would not go after the seller for the deficiency. Even though the deadline for closing was past; and the seller realized they were risking losing the short sale, they held out and won! The bank did put in writing that the the short sale paid the note in full! Success!
Whether buying or selling, please call Janet Naisbitt-Bagley for help with all of your real estate needs at 435-865-1019 or email naisbitt@infowest.com. You can check out the MLS at www.homesincedarcity.com for foreclosures, short sales, new construction and other bargains. We can help you with every home!
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