Is the Deficiency Balance Negotiable?
YES. For example a lender may state they dont write off any of the deficiency and that the seller would have to sign for a promissory note for the debt balance. The lender may also state that their hands are tied and this decision came directly for the investor who provides the money for the lender and there is absolutely no negotiation on the amount owed, either pay the deficiency, or they will foreclose. Lenders will LIE to obtain their money. Dont be fooled that you have no other options: you do.
