Category Archives: Short Sales

Deficiency Judgments Haunt Foreclosed Sellers

By Heidi | Published: October 3, 2011

As the web of short sales and foreclosures continues to unfold, a new twist has come into play. Investors have begun purchasing deficiency judgments (“an unsecured money judgment against a borrower whose mortgage foreclosure sale did not produce sufficient funds to pay the underlying promissory note, or loan, in full” Wickipedia) from banks for around 2 [...]

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New Threat For Homeowners After Short Sales and Foreclosures

By Heidi | Published: May 27, 2010

Homeowners who have been able to sell their home as a short sale often feel a sigh of relief to be out from under the burden of their home loan debt. However,  it may not be that easy for both short sales and foreclosures as lawsuits against these homeowners may be increasing in the future. According [...]

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