Is It Possible To Get Deficiencies Waived on A Second Mortgage

Hello everyone John Sellers here with, your short sale specialist in Southern Oregon, thanks for checking out my blog today. Our team of short sale experts at the John Sellers Group is working every day to help Southern Oregon homeowners avoid foreclosure through the short sale process. If you are unsure what to do about your upside down mortgage or are already considering a short sale take a minute to browse my website or contact me directly for even more information on all of your real estate options.

For my blog today I wanted to discuss the importance of getting deficiencies waived on a second mortgage during a short sale. I recently closed a short sale with GreenTree that involved a second mortgage and due to a legitimate hardship we were able to get this deficiency waived by the lender. GreenTree was excellent to deal with and they did everything we expected in order to help this Southern Oregon homeowner get out from under their mortgage. When I first met with this client their second mortgage of nearly sixty five thousand dollars was one of the biggest concerns so I was certainly happy to help them settle not only their first mortgage but also pay a reduced amount on their second. All deficiencies were waived on both the first and second mortgage and thanks to the Mortgage Debt Relief Act this Southern Oregon homeowner will pay no income taxes on the debt that is forgiven.

If you have questions on the short sale process please give me a call today to discuss all of your real estate options. Our team has the experience and dedication to get your home sold fast with the best terms available. Thank you for your time today and I look forward to hearing from you soon at

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