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Real Estate & Property Law

: The Home Equity Theft Reporter

Crafty Mortgage Lenders Sneaking "Deficiency" Clauses Into Short Sale Contracts?

By r morris

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In San Diego, California, North County Times reports:A "short sale" might not be the end of a homeowner's problems. The practice, which has exploded in popularity as homeowners struggle to pay their mortgages, is supposed to allow a borrower to sell a home for less than the mortgage amount, walk away, and avoid a credit-killing foreclosure.Not so fast, say local real estate attorneys. Lenders

Full post as published by The Home Equity Theft Reporter on April 28, 2009 (boomark / email).

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