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Loan Modification

: Loan Modification & Home Loan News

Deficiency Judgments Let Creditors Haunt Borrowers For Up to 20 Years

By Moe Bedard

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(Source: St. Petersburg Times By Kris Hundley) – Think of it as Act 2 of Florida’s foreclosure crisis.In the first act, borrowers lose their homes. In the next, lenders come after them for the debt still owed. Unlike a foreclosure, which homeowners dread but expect once they stop making payments, deficiency actions can sneak up [...]

Full post as published by Loan Modification & Home Loan News on March 28, 2011 (boomark / email).

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