We sold our house in a short sale. realestate our agent told us we wouldnt pay the balance. Now what?
tries to recover over 80,000 to a collection agency. I sent a letter of validation that have not responded and informed the credit bureau as a partial loss. What does this mean?
The realtor who had done this to his advantage in his case. He answered his question, but do not address the concept that you were asking about, with what information does not need to protect their interests. What you need to have done was for the lender to develop an agreement to release the Mortgage lack of documents. What do is release from liability for the deficit ($ 80,000) a decision, the creditor has filed against him. Short selling will always appear as a kind of temporary voluntary mortgage its report, but the ruling party and the collection could have been avoided if your question has been answered fully at first. Only your lawyer would take care of their interests in this case. I Suppose you do not have one. You can: file for bankruptcy or simply do not worry because your credit is toast anyway, as a result of this situation. I'm not saying this is scary right now I just think it's best to go ahead and do things in a way that does not strongly dependent on credit (purchase financed by the owner of the house, the car once) until things calm down a bit.
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