This may be a tough question if you are the owner of an upside down california property.

1. Recourse or Non Recourse loan

2. Will the lender go non-judicial or judicial if it seeks foreclosure

3. Will there be sold a junior on a non recourse loan

4. Will a short sale create liability for a deficiency where none existed before

5. Will a short sale create liability for a forgiveness of debt liability where non existed before

6. Will you have to worry about paying on a capital gain and forgiveness of debt at the same time

7. Can you gain leverage against the bank for predatory lending, TILA or RESPA violations

8. If you do get a short sale offer from a buyer, what should you include in your financials. If you have assets are nice job should you reveal that info to the lender.

9. When you contact the lender why do their recordings say they are collecting on a debt.

10. Does your current financial situation manifest a problem with information that the loan broker may have told you to put on the loan application

11. Does a short sale automatically extinguish your liability on the debt.

12. Will the banks have you sign documents at the closing which may create liability for the debt.

13. If the buyer and the bank have been negotiating the the short sale, and the Realtor gets paid by the bank, is anyone representing my interests.

14. If I am upside down does the listing price matter on the MLS

15. Do I have to sell the property if the bank accept the short sale offer

16. Should there have been language protecting me in the Listing agreement in addition to the short sale addendum

to be continued