Frequently Asked Questions

Can my lender come after me even though I did a short sale? maybe

Most lenders will try and pursue whats call a deficiency judgment. This means that they can file a judgment in court to capture the remaining balance of your loan after the short sale is complete. We will always fight to get that waived and are armed with the knowledge of several Oregon statutes that will prevent them from coming after you. The key is, we use this knowledge during the negotiation process so that the lender issues an approval letter that settles the account in full.

Why shouldn’t I just walk away?

Several reasons. Below is a chart on the affect to your Credit Score (aka Debt Resume). And click HERE for a posting on the topic.