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Risk Management - Debt Forgiveness Guarantee

Friday, January 4, 2013  
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»For a short-sale listing, don’t guarantee the seller that their debt will be forgiven.

There is no guarantee the lender will agree.

Risk Management Tips of the Week are provided by the ORRA Risk Management Subcommittee as a service to ORRA members. The tips are not a substitute for individual legal consultation. Tips should not be relied upon in specific situations without consulting a real estate attorney.


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