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What are the chances of a bank seeking a deficiency in the state of Alabama?

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Guest	Posted: Wed Aug 25, 2010 5:23 pm    Post subject: What are the chances of a bank seeking a deficiency in the s Like 0 Dislike 0 What are the chances of a bank seeking a deficiency in the state of Alabama? Is this common practice for a sub-100k house?
smithsussane Joined: 18 Sep 2008 Posts: 10038 Location: Alaska 920.62 Dollars($)	Posted: Wed Aug 25, 2010 9:36 pm    Post subject: Like 0 Dislike 0 Hi Guest! Welcome to forums! In Alabama, the lenders have the rights to sue you for the deficient amount. If you cannot pay off the balance dues, he might sell off the account to a collection agency who can in turn harass you for payments. Feel free to ask if you've further queries. Sussane

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