2007-04-30 15:24:19 · 3 answers · asked by G-Man 3 in Business & Finance ➔ Credit
Do you mean after they foreclose and sell off your house there is still money owed? Maybe. This is called a deficiency judgment. It depends on the state. Some states allow them; some states say that the lender has to be satisfied with the collateral only. Illinois, yes. Colorado, no.
2007-04-30 15:29:58 · answer #1 · answered by Ted 7 · 0⤊ 0⤋
keep in mind that the series agencies each so often will upload their "expenses" whilst attempting to deliver at the same time a debt so don't be too stunned if the series organization's quantity is extra advantageous than what you very own. additionally, keep in mind that when the enterprise hires a team organization, it oftentimes means which you presently owe the series organization and don't might desire to bother with whom the unique lender became. make valuable they clean up your credit checklist in case you're making the whole charge!!
2017-01-09 05:11:50 · answer #2 · answered by aegerter 4 · 0⤊ 0⤋
yes
2007-04-30 15:26:59 · answer #3 · answered by Terrie 3 · 0⤊ 0⤋