georgia short sale deficiency judgment: Will my Georgia short sale result in a deficiency judgement against me? - 06/23/17 02:40 PM
Georgia Short Sale FAQ
 
Q: Will my Georgia short sale result in a deficiency judgment against me?
 
A: Not likely.
 
A deficiency judgment is a legal order to pay off a remaining balance when a property does not sell for enough to satisfy the full mortgage debt. The amount still owed to the lender is called the deficiency.
 
But, in order to even get a short sale approved by the lender in the first place, the borrower must have a documentable financial hardship. This is why short sales usually do not result in a deficiency judgment, but rather, the lender agrees in writing to accept … (1 comments)

 
Elva Branson-Lee, CDPE - Atlanta Real Estate & Short Sale Agent (Solid Source Realty GA)

Elva Branson-Lee

CDPE - Atlanta Real Estate & Short Sale Agent

Atlanta, GA

More about me…

Solid Source Realty GA

Address: Jonesboro, GA, 30238

Office: 7704751130 ext 8988

Mobile: (678) 855-5238

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Author Bio: Elva Branson-Lee, CDPE, CIAS, IMSD, is the Executive Team Leader of the Best Atlanta Short Sales Team, Atlanta's premier short sales specialists. She is also the author of "Avoid Georgia Foreclosure," available at Amazon.com



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