Homeowner fights double foreclosure smackdown

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Homeowner fights double foreclosure smackdown

Homeowner fights double foreclosure smackdown

Palm Beach Post-

The lurking debt left after a foreclosure is hitting Florida residents hard this year as a private firm files to collect on so-called “deficiency judgments”, which are often worth tens of thousands of dollars.

But one homeowner is fighting back in a federal lawsuit seeking class action status on behalf of borrowers whose wages can be garnished and assets seized to pay off the leftover mortgage debt.

In Palm Beach County, about 240 deficiency judgment lawsuits have been filed by the Texas-based firm Dyck O’Neal. The suits often come as a surprise to homeowners who thought their foreclosure battle ended when they saw their home sold at auction.

[PALM BEACH POST]

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