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Foreclosure and deficiency question concerning Countrywide

Posted by Tom on May 26, 2007 at 13:13:35:

Going through a foreclosure with Countrywide and live in New York State. Typically, does Countrywide seek a deficiency if the defendent has no assets? But does have a job. What normally happens to people who Countrywide goes after? I know the home will not sell for what I owe them due to the falling value of homes in my neighborhood. Besides, they let me borrow what I believe is over 100% value on the home.

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