If we are successful with the short sale, can I be sued for a deficiency judgement?
In rare cases lenders also pursue a Deficiency Judgement against borrowers and attempt to collect the amount that was short. This does require a separate action to be filed in court, causing the mortgage company to incur further expense. The mortgage company is also acutely aware (after seeing our extensive short sale package) of the borrower’s inability to pay, so it is our belief that they see further collection action as fruitless. (Learn more about deficiency judgements in Arizona). As always, consult with a qualified attorney if you have any concerns/questions about your particular situation. We have attempted to include questions that we are commonly asked in this section. We know that you likely have more questions. Please feel free to contact us using the form on this page, and we will do our best to provide the answers.
