Re: Giving the house back to the bank

Posted by Paul on August 23, 2008 at 23:59:24:

In Reply to: Giving the house back to the bank posted by B on August 23, 2008 at 16:05:22:

The non-judicial process does not permit suit by the lender for a deficiency balance. In judicial foreclosures, the lender may not sue for a deficiency balance if the property is found to have been abandoned for at least six months prior to the decree of foreclosure by the court.



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