Someone owes $47,000 from a 2008 foreclosure and wants to settle with a $7,000 lump sum, thinking the creditor has to accept it. But if they sell their current property for $100,000, the creditor can still chase the remaining balance, so the low offer won't protect them.
The judgment I have against me is, yeah, they say it's $87,000. It actually should be down to about $47,000, and, uh, that was from a foreclosure on a different house where they would not waive the deficiencies. That one I think is going back to 2008.
Okay, so that's, that's $47,000, uh, that's where the judgment—
yeah, that's where my comes in. So if I throw them a bone of like $7,000, they can't say or do anything about it. Yeah, they have to accept whatever the hell I can pay them. Gotcha. But if I, if I was to sell it for $100,000 and throw them $7,000, no, no, no, they'd be after me for everything.
Okay.
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