Hello:
I had a short sale close in North Carolina a few months ago and I looked up the deed today and it states the following:
"Satisfaction of Security Instrument Deed Only"
"The undersigned is now the secured creditor in the security instrument identifies as follows:
Type of Security interest: Deed Of Trust
Original Grantor.......My name.....
Original Secured Parties : JP Morgan Chase
This satisfaction terminates the effectiveness of the security instrument."
So does this mean they will or will not pursue any deficiency judgment or do this have nothing to do with a deficiency judgment. I have not received a 1099-c or anything else.
Thanks.
