UTAH Short Sale Myth: I will have a deficiency no matter what happens

Salt Lake City, UTAH – Some homeowners looking to short sell their home think that they will have to repay their lender for the entire loss. It’s unfortunate to see them stress out and lose sleep at night wondering how they will repay the debt.

A short sale loss is usually a large bill for the average homeowner. They don’t know how they will come up with that sum of money to repay the lender.

The good news is that most homeowners will not have to repay the lender for the loss. Here is why.
Most loans are owned or insured by Uncle Sam. Around 65-70% of all loans are owned by Fannie Mae or Freddie Mac, or insure by FHA or VA.

Uncle Sam’s policy so far has been to allow homeowners experiencing a hardship to walk away from the debt.

This is good news if you have a Fannie Mae, Freddie Mac, FHA ,or VA loan. Contact me at 801.651.0707 and I’ll research if your loan is one of these types.


In many other cases, lenders will simply agree to erase the debt. They know that you can’t squeeze money from someone who is having financial problems.

Thinking about a short sale? I can help you short sale your property so you can move on with your life. Send me an e-mail at forsiecity@gmail.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (801) 651-0707

Discover how other sellers successfully completed over 650 short sales and request a free consultation by call me Dave at 801.651.0707 today.

Thinking about a loan modification? Our Utah loan modification kit has the instructions you will need to get a loan modification approved with your bank. 

Need to sell immediately?   Call me at 801.651.0707 and we can talk about it.   We buy jomes in ANY CONDITION and can close in 7 days or less.

Thanks for reading this, Dave Forsberg.

Dave is a Real Estate Agent at Presidio Real Estate - Bountiful. UTAHShort Sales Realtor:

Phone: (801) 651-0707.
Email: FORSIECITY@gmail.com.

Greater Salt Lake Short Sales. Real Help for those that need it most.


David Forsberg specializes in loan modification assistance and short sales in Bountiful Utah. Bountiful Loan Modification Help, Bountiful Short Sales. Bountiful Short Sale Realtor Bountiful UT Short Sales. Bountiful Realtor.

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