Foreclosure, Deficiency Judgments and the Perils of Anti-Deficiency Statutes
- Sunday, June 24, 2012, 0:21
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Assume that you own a piece of property, and there is a mortgage against that property. Let’s further assume that the amount remaining on the mortgage exceeds the fair market value of the property — what is commonly known as a property “under water”.
http://www.forbes.com/sites/jayadkisson/2012/06/24/foreclosure-deficiency-judgments-and-the-perils-of-anti-deficient-statutes/
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