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BANKS BEGIN TO GO AFTER DEFICIENCY JUDGMENTS - FANNIE MAE POINTS THE WAY
Homeowners Alert: If Fannie Mae is your note holder- they say now that they will come after you if you just walk away from your house. 
Don't live your life with your head in the sand. 
Call us to refer you to a good attorney who can help you and let's talk about your options- maybe a short sale is the answer for you. 
Earlier this week I wrote about lenders taking the next step after a foreclosure.  Foreclosures happen from borrowers that "walk away" from their upside down valued properties, whether because of job loss, other expenses more important than the mortgage payment, or just a strategic default.  You can find the other article at MOTION FOR DEFICIENCY JUDGMENT - FORECLOSURE CONSEQUENCES.
An alarming event occured after I wrote that article.  In the past, there has been a pretty heated argument about whether the mortgage lenders are going to move on their ability to pursue deficiency judgments in foreclosure actions.  Many people say that it won't happen.  I even gave a seminar on foreclosures with a Florida judge that the judge said that she did not seen any deficiency judgment requests.
In the earlier article I showed a Motion for Deficiency Judgment ... more

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