Before a person or a company to whom you owe money can win a judgment against you, they must first file a lawsuit in court. If you ignore the lawsuit, the court will enter an automatic judgment against you, known as a default judgment.Of course, even if you file an answer to the lawsuit, you can still lose the case.
Getting a mortgage after foreclosure just might be easier than you think.. since your foreclosure, most loans require at least 20% down, enough money in. you need to be aware of the risks associated with deficiency judgements.. In some states, lenders have the ability to hire debt collectors to go after.
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This happens when the foreclosure sale doesn’t bring in enough money to pay off your debt. The difference between the sale price and the debt is called a "deficiency." In most residential foreclosures in California, the foreclosing lender can’t go after the borrower for the deficiency.
Also, even if your state allows deficiency judgments, you might be able to. As part of a foreclosure process, the property is sold to pay the lender back. When the total debt the borrower owes is more than the foreclosure sale price, the. by typical collection techniques, like telling your employer to deduct money from your.
3rd party debt collectors buy bad debt, including deficiency judgments. So, even though they will claim you have to pay the judgment amount plus interest and fees, you don’t have to pay them!! If they want to make you pay, then they will need to validate the debt, and a copy of a judgment is evidence of a debt but not evidence that it is owed.
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If a deficiency judgment was obtained against her related to her pending foreclosure, and her creditor attempted to come after the AZ real estate, I wonder if there is a legal basis to argue that I effectively made a fraudulent conveyance to her back in 2010 for the sole purpose of attempting to block B of A from collecting on my deficiency.
You asked  for a brief history of the Connecticut Housing Finance Authority’s [CHFA] Emergency Mortgage Assistance Program,  for information about Pennsylvania’s Mortgage Assistance Program,  for data on the recent increase in foreclosure rates, and  about Connecticut’s foreclosure prevention law.