House Is Gone but Debt Lives On

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House Is Gone but Debt Lives On

House Is Gone but Debt Lives On

This is another reason why ANY Foreclosure Fraud Settlement should and must include a Deficiency Judgment Clause, If it ever gets there. Because after the clouds are removed, you will still have the ghost of foreclosure fraud come back to haunt ya. Pay Attention… Think they won’t double, triple, quadruple dip on you?

1) Since these properties were fraudulently inflated and most were fraudulently foreclosed, they should be BARRED from ever coming after you.
2) Do you think I would throw away any docs from a foreclosure in the next 20 years or so? This is how long they have to come after you. Just like all the lenders that went under in 2003-2009 but still find a way to foreclose on you today, there will be ways.

If the AG’s don’t look after your best interest and stop them now, this horror will never go away! You couldn’t get a short sale done and you couldn’t get a modification done. This they already knew.

WSJ-

LEHIGH ACRES, Fla.—Joseph Reilly lost his vacation home here last year when he was out of work and stopped paying his mortgage. The bank took the house and sold it. Mr. Reilly thought that was the end of it.

In June, he learned otherwise. A phone call informed him of a court judgment against him for $192,576.71.

It turned out that at a foreclosure sale, his former house fetched less than a quarter of what Mr. Reilly owed on it. His bank sued him for the rest.

The result was a foreclosure hangover that homeowners rarely anticipate but increasingly face: a “deficiency judgment.”

[WALL STREET JOURNAL]

© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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CONTROL FRAUD | ‘If you don’t look; you don’t find, Wherever you look; you will find’ -William Black

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2 Responses to “House Is Gone but Debt Lives On”

  1. Jeff says:

    I would say to homeowners, keep your home and force them to help you. Some banks are now offering shared equity where they reduce the homes to what they are worth. But if you sell within 5 years they get 25% of equity. Not bad, hamploanmod.com helped me do this.

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  1. […] judgment, foreclosure, Health, negotiations Yes they are & you can add this along with Deficiency Judgments I mentioned. Why must we do all the thinking and the work for these regulators? You know who you […]


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