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DEFICIENCY in MICHIGAN

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juliewade69 Joined: 23 Jun 2010 Posts: 1 1.28 Dollars($)	Posted: Wed Jun 23, 2010 8:00 am    Post subject: DEFICIENCY in MICHIGAN Like 0 Dislike 0 Our home went into foreclosure July 1st 2009. Our redemption period ended January 1st 2010. The bank (HSBC) listed it for sale immediatly after the redemption period and my old neighbors bought it for less than we owed. How long does the mortgage company have to come after us for the deficient amount.
dipaligopale Joined: 25 May 2010 Posts: 790 22.70 Dollars($)	Posted: Wed Jun 23, 2010 10:32 am    Post subject: Like 0 Dislike 0 Hi juliewade69 lot more depends on the deficient amount.If it is remarkable as per bank it will come after and sue you but if it is minimal (court fee and attorney fee is more than the deficient amount) then bank do not bother about recovering the money through legal battle. Let us hope for the best.... _________________ 1.The best of intentions must still have directions !--Unknown author 2.When I hear somebody sigh, "Life is hard," I am always tempted to ask, "Compared to what?" - Sydney J. Harris

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