Bought a house in 07 with 2 other people and we're trying avoid foreclosure and short sale our house. We had the house sold but due to my room mate filing for BK the sale was canceled . His BK was discharged and we're trying to short sale again but now my room mate who filed for BK is asking us to sign this letter of indemnification but I'm not sure if we should or how it will affect us.also all of 3 are owners and all of us have moved out and left the property vacant. The letter states: the undersigned hereby acknowledges receiving this letter. On behalf of himself or herself and his or her family and personal representatives, the undersigned hereby agrees to indemnify, release and forever discharge _________, from any and all loss, liability, actions, claims and demands of any nature, past, present or future, that may result from or be in any way related to the undersigned's activities conducted in regards to the property ________________________.