Comments on: 2 Main Factors Why Lenders Pursue Promissory Notes http://preforeclosuredailygrind.com/2009/10/2-main-factors-why-lenders-pursue-promissory-notes/ from the offices of North Shore Enterprises Wed, 28 Dec 2011 20:36:56 +0000 hourly 1 http://wordpress.org/?v=3.3 By: Jennifer http://preforeclosuredailygrind.com/2009/10/2-main-factors-why-lenders-pursue-promissory-notes/comment-page-1/#comment-247 Jennifer Tue, 03 Nov 2009 11:28:04 +0000 http://preforeclosuredailygrind.com/?p=355#comment-247 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? 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?

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