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Short Payoff

01-16-2008, 11:34 AM

Ratzmine Ratzmine is offline

Junior Member

Join Date: Aug 2007

Posts: 13

Short Payoff

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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