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Foreclosure

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knsluggo Joined: 17 Oct 2010 Posts: 1 1.00 Dollars($)	Posted: Sun Oct 17, 2010 8:46 pm    Post subject: Foreclosure Like 0 Dislike 0 Our home was foreclosed. Can the lender come after us for the difference. (Example if the original loan was 500,000 and foreclosed, auctioned and sold for 250,000, does the bank have the right to come after the original home owner for the difference?)
adonis Joined: 22 Oct 2005 Posts: 10562 Location: ALASKA 1089.18 Dollars($)	Posted: Sun Oct 17, 2010 10:18 pm    Post subject: Like 0 Dislike 0 Welcome knsluggo, After a foreclosure, the lender will be able to come after the original owner to recover the balance amount resulting from the sale. _________________ Procrastination is the enemy of your financial success

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