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Real Estate & Property Law

: The Home Equity Theft Reporter

More On Lenders, Mortgage Servicers Using Short Sale Contracts, Promissory Notes To Squeeze Homeowners Looking To Unload "Underwater" Homes

By r morris

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The Wall Street Journal reports:Financially troubled borrowers may think that foreclosure or a short sale of their home means their mortgage woes are over. Not necessarily.Some homeowners are finding that when they sell their homes for less than the outstanding mortgages -- a so-called short sale -- their mortgage companies are going after them for some or all of the difference. Mortgage

Full post as published by The Home Equity Theft Reporter on May 04, 2009 (boomark / email).

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