Re: an easier answer
Posted by Jim V on September 02, 2003 at 18:11:40:
In Reply to: Re: foreclosure questions posted by MR. Sturm on September 01, 2003 at 16:26:25:
I sometimes tend to forget that most homeowners don't use these terms on a regular basis.
If a MS foreclosure is completed, the lender has a year to come after you through the courts if they lose money doing the foreclosure.
They might, or might not, come after you because first, you can't squeeze blood from a turnip and second, you can most likely eliminate any judgment they get by declaring bankrupcty.
