Legal Question in Credit and Debt Law in Nevada

Short sale of home with 2nd mortgage... 2nd would only agree if i agreed to be responsible for balance. if i didn't agree, the only option was foreclosure. Would this be considered signing under duress?


Asked on 6/15/11, 4:11 pm

2 Answers from Attorneys
David Otto David Otto & Affiliates, PC

No not the kind of duress that voids any such contract, unfortunately.

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Answered on 6/15/11, 4:31 pm
Jonathan Reed Reed & Mansfield

The 2nd mtg. holder has no obligation to allow you to do a short sale. They have a legal right to refuse to forgive your loan.

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Answered on 6/25/11, 10:57 pm


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