Ivonne Hale, Real Estate Pro in Miami, FL

Can a promissory note for a Short Sale be re-negociated after the Short Sale?

Asked by Ivonne Hale, Miami, FL Sat Mar 13, 2010

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2
I would contact a real estate attorney about that. Typically the best time to negotiate a promissory note is before you close the short sale. Although as Debbie said..........it doesn't hurt to ask!
0 votes Thank Flag Link Sat Mar 13, 2010
Ivy,
Why not? Lenders can go after people after the closing, why shouldn't you be able to re-negotiate. This is really outside of my expertise, however, I think anything is possible here. I would give it a shot. Nothing ventured, nothing gained.

Debbie Albert
Coldwell Banker Residential
Web Reference: http://www.ronanddebbie.net
0 votes Thank Flag Link Sat Mar 13, 2010
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