A good Realtor will look out for the client. Because Realtors work with the lenders when handling Short Sales, that Realtor should try to obtain a Release for the client to sign so this situation doesn’t occur.
Some people mistakenly believe that walking away or short saling is the answer and it is not. However, Short sale is the best but, again the seller and the seller’s Realtor should ensure that they have the documents that show the deficiency has been ‘forgiven’.
BTTT
Good Realtor = oxymoron
Best rule of thumb, never trust a realtor, they misrepresent both sides, and are in it for the money. Hire an attorney in a short sell. Never let they property go to foreclosure, deed it back.