Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: i-node who wrote (490198)	6/23/2009 3:06:11 PM
From: Jim McMannis	Read Replies (1) of 1573851

RE:"They'll go for a deficiency judgment against those who are now back in the projects after losing the houses they couldn't afford in the first place..." What we are seeing here in So FL is the banks are willing to sign an agreement not to seek a deficiency judgement against the seller/defaulter. Sometimes the seller/defaulter will be asked to sign a note where they agree to pay maybe 1/10 or so of what they defaulted on. For instance saw one shortsale where the seller/defaulter had to sign a $24K note to the bank even though they got out of a couple hundred K in losses.

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