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Loan Modification

: Loan Modification & Home Loan News

Lenders pursuing foreclosed homeowners for unpaid mortgages

By Moe Bedard

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Jan. 28 (Bloomberg) — When John King stopped making payments on his home in Coral Gables, Florida, two years ago, he assumed the foreclosure ended his mortgage contract, he said. Last month, a Miami-Dade County court gave collectors permission to pursue him for $44,000 stemming from the default. King is among a rising number of borrowers [...]

Full post as published by Loan Modification & Home Loan News on January 28, 2010 (boomark / email).

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