Re: alabama foreclosure/deficiency judgement

Posted by Valerie on May 26, 2008 at 17:21:22:

In Reply to: Re: alabama foreclosure/deficiency judgement posted by BJ on May 24, 2008 at 11:46:48:

I was told by a very reputable attorney that the banks almost never pursue a deficiency judgement. It costs them too much money to go after it. Just keep in mind that if it isn't your principle residence you will get a 1099 for forgiveness of debt. Good Luck!

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