have you heard of deficiency judgment?

来源: mkong66 于 2010-12-28 07:59:15 [] [旧帖] [给我悄悄话] 阅读数 : (526 bytes)

If your mortgage is recourse loan, your bank may go after you.  Say your outstanding mortgage is x, and the bank sells the defaulted property for amount of y, if x-y > 0, you may be liable the shortfall.  State laws are different, not sure about AZ, I know there is no deciciency judgment in CA.  The chance that the bank will sue for deficiency is slim, it takes time and money for them to pursuit.  If I were you, I will try to do deed in lieu of foreclosure first.

Good luck.

所有跟帖： 

• 刚查了一下， AZ没有deficiency judgement, 除非是VA loan -floating_leaf- ♀ 给 floating_leaf 发送悄悄话 (0 bytes) () 12/29/2010 postreply 12:32:34

• http://www.foreclosurecounseling.com/foreclosure_help/antidefici -floating_leaf- ♀ 给 floating_leaf 发送悄悄话 (0 bytes) () 12/29/2010 postreply 12:34:49

请您先登陆，再发跟帖！