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Loan Modification

: Loan Modification & Home Loan News

Foreclosed homeowners could owe ?tens thousands of dollars? to lenders

By Moe Bedard

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California?s real estate association is warning people who lose ? or are in danger of losing ? their homes to foreclosure that they could face a hefty lawsuit from the lender, even after handing over the keys. California law has protected borrowers from so-called ?deficiency? liability, where in essence the house serves as collateral for the [...]

Full post as published by Loan Modification & Home Loan News on May 19, 2010 (boomark / email).

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