July 7th, 2009

Foreclosure Affects Credit But Homeowner May Avoid Deficiency Judgment


Going through foreclosure isn't what anybody wants to go through. For some, going through foreclosure can be the start of a process that can drag on for years. If the foreclosure process does not yield enough money to pay off the mortgage that the lender had given the homeowner, that homeowner could be stuck with a deficiency judgment and having to repay the difference for years to come. If the lender does not pursue the deficiency judgment or can't, the foreclosure will still have a negative effect on the homeowner's credit history and credit score for years to come. This entry was posted on Tuesday, July 7th, 2009 at 5:08 pm and is filed under Dubli, Dubli Networking Business, Herbert Brown, Herbert Brown jr, Herbert L Brown Jr, Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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