Folks:
I am far from a populist. I am Reagan Republican. However, you knew you would see this coming with the banks.
When working a short sale, I ensure the bank puts the non-recourse in writing, or make sure the clients document I advised them to seek a lawyer's opinion about the potential risks of recourse (or that they willingly chose not to).
Well, here comes the first of the deficiency judgments...
http://finance.yahoo.com/news/Mortgage-lenders-pursue-cnnm-3107909798.html?x=0
Michael
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