Re: How does foreclosure affect employment

Posted by Jim V on February 21, 2007 at 23:09:42:

In Reply to: How does foreclosure affect employment posted by Rachel on February 21, 2007 at 21:52:40:

A lot of that depends on the state where the property is located.

Other than potential collection calls, the only reason a lender would contact the employer of a defaulting borrower would be if they were seeking payment on a deficiency judgment after foreclosure. Without knowing the state it's impossible to say yes, no or maybe.

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