If I do a short sale on a real estate property will I still owe the

E

exnavyew

New member
difference on the mortgage? Say I owe 35K on a property and the bank accepts a short sale offer of 20K, will I still owe the 15K?
Is this something I can negotiate with the bank?
If the bank says I'll still owe the 15K can I 'cancel' the short sale? At what point of the process am I committed to a valid short sale offer and when can I still 'get out'?
thx
 
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