Jan 20, 2019
What Homeowners Must Know About Deficiency Judgment After Foreclosure
What Homeowners Must Know About Deficiency Judgment After Foreclosure
A common misconception among consumers is that after foreclosure they will not owe their mortgage lender. Many homeowners who go through foreclosure are surprised to learn that they still owe money on their house, even though they no longer own it!
Most mortgage lenders require borrowers to personally guarantee the amount of the note, leaving the lender with two avenues of in the foreclosure…
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