Posted by Lee on June 26, 2009 at 13:48:56:

Just a quick question. Long story short I have an FHA loan that I am 35k in the hole with. It is on a second home (was primary home) that I had to move out of do to job transfer. I have a little savings and a decent 401k, but I don't want to clean it all out to pay for this house anymore. I'm not eligible for short sale or deed in leiu because of the small amount of money I have so I'm just going to let it go into forclosure. Because it's FHA backed that will cover the bank. Do you know if HUD files deficiency judgements? The house is in Wisconsin, but I am now in Florida. Thanks!

Follow Ups:

• Re: Does HUD Pursue Deficiency Judgements? - steele in minnesota 16:52:34 06/26/09 (2)
  • Re: Does HUD Pursue Deficiency Judgements? - Lee Mueller 16:55:24 06/26/09 (1)
    • Re: Does HUD Pursue Deficiency Judgements? - steele in minnesota 19:17:36 06/26/09 (0)

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