Sacramento Short Sale Myth: If I Sell For More, Then I Won’t Have A Deficiency!

Sacramento CA – Some sellers think that if they sell their house for more money, then they are less likely to have a deficiency. Let me explain why that is not true.

Another realtor recently told us about a short sale they were involved in. This realtor was representing the buyers purchasing the house.

The short sale negotiation company that the sellers were using told the sellers that unless the house sold for $295,000, then the sellers would have a short sale deficiency.

Because of this, the sellers wouldn’t accept the buyer’s offer. I told them that couldn’t be true. Here is how short sale negotiations work.

A lender is losing money on a short sale. In most cases, they are losing a lot of money.

Losing just a little bit more money is not going to cause them to change their mind on whether or not they should pursue a deficiency.

A sales price that is $17,000 lower is trivial when compared to a $100,000 loss. In most cases, the lender is either pursuing a deficiency or not pursuing one. A slightly higher sales price won’t change their mind either way.

They will either accept the short sale offer on the table, or counter at a price they will accept. How ever you look at it they will pursue a deficiency even if the property sells for more money.

Thanks for reading this,

Neil Morrison.

Neil is a Real Estate Agent at Meridian Capital. Sacramento Short Sales Realtor:

Phone: (916) 991-3741


Neil Morrison specializes in loan modification assistance and short sales in Sacramento California. Sacramento Loan Modification Help, Sacramento Short Sales. Sacramento Short Sale Realtor Sacramento CA Short Sales. Sacramento Realtor.