Sara mentioned in a previous post that Michigan is a deficiency judgment state. What does that mean?
Personally, I have been laid off and there are no jobs in MI. I am expecting an offer from another state. Renting my current home is not an option. I have a primary loan and a 2nd mortgage with the same lender. We have made all of our payments and plan to call the lender when I have the offer.
(and don't move to MI)