And we wonder why these banks had to be bailed out?????  They don't make sound business decisions so start with.  Take for example this Stockton Short Sale that we got approval from on the 1st lienholder Wells Fargo.  The 2nd is with Allied Credit who handles Chase junior liens.  We received their approval letter which agreed to release it's lien but still pursue the seller for a deficiency judgment.  The seller consulted with an Attorney and it was determined that they would not be pursued for the deficiency if it was foreclosed on.  So, the bank wouldn't remove the deficiency judgment verbiage and chose to get ZERO dollars instead of the agreed to $8100. Now they get nothing with no chance of recovery!  Makes absolutley no sense whatsoever!  Most 2nd lienholders approvals state they will not pursue a deficiency judgment.