The association will not seek fees from you because your lender will payoff those fees once the court confirm the sale. Most 1099C can be substantially reduced or dismissed if you understand the foreclosure process and the laws of your state. If you would like us to assist you further please contact us at, http://foreclosurecourt.org/foreclosure-questions.html. We do charge a consulting fee for services.... more
John, I just studied this again for the umpteenth time (lol). Things change every day. Yes the lender can come after a deficiency and they do.You just need some good advice from a qualified Realtor and a good real estate attorney. I earned the CDPE designation and have knowledge and help with short sales.
Please contact me with questions.... more