Banks Pursuing Deficiency Judgments


Homeowners be aware.  CNN reports banks are beginning to seek deficiency judgments to cover losses from foreclosures and short sales.  Not being aware of this situation could become a very costly mistake.

Deficiency judgments depend on many factors, including, state laws, and even the presence of other liens.  With a judgment they can pursue many means to collect, including wage garnishment and the seeking of financial records.  A judgment will make getting another loan very unlikely.

Read the article.

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About rereno

Real estate investor
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