I'm just afraid
of a deficiency judgement and / or proving hardship.
The other options others have been talking about on here short sales, deed in lieu, and such are other possible solutions, if you don't need or want the home any longer and remember with those you do run the risk
of deficiency judgements.
Not exact matches
• Track record
of success developing and implementing loss prevention strategies to suit a wide variety
of incident complexity • Demonstrated ability to detect
deficiencies resulted in loss and implement corrective measures • Well versed in detecting unusual incidents and perform investigative measures to ensure prevention
of possible loss • Special talent for safely apprehending and detaining suspected shoplifters and performing rites rituals • Proven record
of using surveillance and radio equipment to assist in handling loss prevention and investigative duties • Clear thinking, aimed at exercising good
judgement when tailing suspicious persons or investigating doubtful situations • Strong observation and critical thinking skills aimed at analyzing potentially detrimental situations • Demonstrated ability to sense suspicious behavior and actions and handle adverse situations in an authoritative manner • Able to react non-emotionally during times
of extreme duress with a great ability to stay focused on the job • Exceptional ability to conduct bag checks and tagging duties in accordance to company policies and procedures
Make sure you get it setup as 15 deals and make sure that they wave the right to
deficiency judgements in cases
of default and deed in lieu
of foreclosure.
More often than not, the bank will be willing to cut its losses from the difference in the amount that was paid and the amount
of the loan than go through a costly
deficiency judgement litigation.
In the past few years there have been a number
of court cases pertaining to
deficiency judgements.
In the case
of a judicial foreclosure (which is very rare in California residential real estate) there is a chance a judge would issue a
deficiency judgement, but this too is rare and could be discharged in bankruptcy.