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If you make 83,00 Yearly mortgage payment is 2300 monthly if i forclose can I be sued

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robertaannsmith Joined: 09 Feb 2009 Posts: 1 1.25 Dollars($)	Posted: Mon Feb 09, 2009 12:02 pm    Post subject: If you make 83,00 Yearly mortgage payment is 2300 monthly if Like 0 Dislike 0 If you make 83,00 Yearly mortgage payment is 2300 monthly if i forclose can I be sued..I owe more than I can spend
Caron Moderator Joined: 19 Jul 2005 Posts: 1519 Location: florida 281.04 Dollars($)	Posted: Tue Feb 10, 2009 3:24 am    Post subject: Like 0 Dislike 0 Hi robertaannsmith, Welcome to our forums. Is it a purchase mortgage or refinance loan? Depending upon the state you are in, you can be sued if you do not make the deficiency payment on your mortgage. However, there are anti-deficiency laws that protect you from paying the deficiency. But such laws are applicable to purchase mortgages only. Good luck _________________ Mortgage Shopping made easy with booklet

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