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Archive for the 'Deficiency Judgments' CategoryLimitations on Banks Going After Deficiency JudgmentsHomeowners are often worried that the foreclosure process will never end. The bank will sue them, publish their personal financial problems in the newspaper, take their home back, evict them, and then sue them again for any deficiency from auctioning the property. With the anticipation of a deficiency judgment, borrowers may feel like they will […] Wage Garnishment and Deficiency Judgment After ForeclosureHomeowners are often worried about further collection attempts after a foreclosure has been completed. After losing their homes, they worry about seeing their car repossessed, bank accounts levied, or wages garnished. But in most cases, there is little chance of a deficiency judgment or future collection attempts due to the numerous obstacles in the path […] Wage Garnishment Through a Deficiency Judgment After ForeclosureHomeowners are often worried about further collection attempts after a foreclosure has been completed. After losing their homes, they worry about seeing their car repossessed, bank accounts levied, or wages garnished. But in most cases, there is little chance of a deficiency judgment or future collection attempts due to the numerous obstacles in the path […] Homeowners Still Owing Money After ForeclosureA question I hear a lot is if homeowners will still owe money to the bank or government after foreclosure or short sale. This really all depends on how successful the short sale or auction was and how much their home sold for verses how much they owed on it. Even though the agreement is […] When Should You File Bankruptcy When Facing Foreclosure?You can file for bankruptcy whenever it is most appropriate to do so in your foreclosure situation. When you file will have a lot to do with the final outcome of the foreclosure and your ownership of the house, though, as well as any lasting financial repercussions. Why The Bank Probably Will Not Sue For A Deficiency Judgment After ForeclosureMost homeowners in foreclosure worry greatly about being sued by the bank for a second time even though they have lost their home. This is called a deficiency judgment, and borrowers fear having their bank and retirement account seized, their cars repossessed to satisfy the mortgage, and their wages garnished. All of this sounds very […] What is the Danger of Being Sued for a Deficiency Judgment After Foreclosure?One of the greatest fears that homeowners in foreclosure experience is that the problem will never end and the bank will sue them even after foreclosure and go after their wages, retirement accounts, or other assets. Many of them fear a deficiency judgment by the bank, which is a separate judgment after the house has […] |
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