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Bankruptcy

: The Debt Podcast

Avoid bankruptcy if not facing a mortgage foreclosure deficiency judgment

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You may not need to file for bankruptcy if you’re facing a mortgage foreclosure. Sometimes debts can take care of themselves. In many states, the mortgage company can’t sue you for the difference between your mortgage and the value of the property.  This is called the deficiency. So if you can’t get sued for the deficiency, [...]

Full post as published by The Debt Podcast on April 13, 2010 (boomark / email).

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