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Bank owned bob lachance debt negotiating foreclosure auction foreclosure class foreclosure course foreclosure mortgage foreclosure property foreclosure training foreclosures investing in real estate loss mitigation patrick precourt Preforeclosure Real Estate real estate foreclosure investing real estate investing real estate investing beginner real estate investment real estate investors real estate short sales REO short sale mortgage short sale training Short Sales
This week’s Preforeclosure “Tip of the Week” is about the 2 main factors that drive today’s short sale lenders into pursuing promissory notes,what foreclosing lender is still pursuing promissory notes in non-recourse states and much more. Visit www.PreforeclosureDailyGrind.com for me real estate videos.
I got lost on that….does that mean that in a non-recourse state, a bank can not go after the homeowner for a deficentcy if they go through the foreclosure but if they do a short sale…they CAN go after them for the default amount?
It almost seems like it would be better for them to go through the foreclosure.
The only advantage is the foreclosure OFF their record, right?