This week’s Preforeclosure “Tip of the Week” from PreforeclosureDailyGrind.com’s Bob Lachance and Chris “the Drummer“ Bowes is about what a “satisfaction of debt”, a “cancellation of debt”, or a “Reconveyance”  really means to real estate agents and investors after a successful short sale transaction. This topic is often misunderstood, even by the experts, so make sure you listen in! We also cover how to find out your states actual timelines to record a satisfaction of mortgage, the penalties that each lender could be charged if they don’t do their job, condition #6 on a Litton Loan Servicing short sale acceptance letter and much more.  Visit www.PreForeclosureDailyGrind.com for more short sale videos and www.ManageMyShortSale.com for the “industry best” short sale and loan modification management tool.