Re: real estate short sale

Sellers on short sales are often worried about receiving 1099s and deficiency judgments from the bank when they sell real estate. That's probably what's going on here, and it probably doesn't affect you. You can probably safely sign, though it may diminish the chance that the bank or the mortgage insurer will accept the deal. Still, you should sit down with a real estate attorney and have him or her review the entire clause before you sign.