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Short Payoff

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Short Payoff

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Ratzmine

Post subject: Short Payoff

Posted: Wed Jan 16, 2008 11:34 am

Junior Member

Joined: Sat Aug 04, 2007 12:24 pm
Posts: 13

I'm told the procedure for a short payoff is the same as the short sale. But you cannot get through to Loss Mitigation until you miss a payment. What then is the target contact (who can decide to accept a promissory note for the deficiency) department in a short payoff situation?

Gaby
Long & Foster
Metro-Richmond, VA
(804)514-5698

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Board index » SuperStarExchange.com » Short Sales Information

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