Just received the new and improved WF Demand Statement 'Approval Letter' which clearly states that:
'nothing in this Demand Statement or in the release of the note shall waive the right to seek a deficiency under the loan documents or any of its other rights thereunder, and the obligations evidenced by the note shall remain in full force and effect until paid off.'
The letter starts off with Re: Demand Statement for Loan # xxxx
This seems to be a trend as other agents recently received the same new and improved letter. We need to group and solve as - Why would any homeowner short sale if this is the outcome? Why would any agent list a WF file? (Yes, 1099 was requested numerous times before the 'approval'.)
Any help or advice is greatly appreciated and will be reciprocated...ty all.