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moved

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Stumped Guest	Posted: Sun Nov 28, 2010 4:10 am    Post subject: moved Like 0 Dislike 0 I had to move away from Michigan. My house foreclosed and was sold at a sheriff sale. I was able to sell it to a buyer as a redemption sale before the redemption period was up. Will the bank sue for the deficiency of the original mortgage?
adonis Joined: 22 Oct 2005 Posts: 10574 Location: ALASKA 1090.82 Dollars($)	Posted: Sun Nov 28, 2010 8:02 pm    Post subject: Like 0 Dislike 0 Welcome Guest, The lender has the rights to recover his loan dues in full. In such a situation, the lender can sue you for the deficient balance resulting from the property sale. _________________ Procrastination is the enemy of your financial success

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