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 pursue any deficiency judgment or that they will not pursue a deficiency judgment or do this have nothing to do with a deficiency judgment.