Money Pays The Rent: Debt Colectors Love Foreclosure Deficiency Judgments

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How a judgment creditor attaches Your Wages. The sheriff in turn notifies your employer of the attachment, and your employer notifies you. Unless you object, your employer sends the amount withheld each pay period to the sheriff, who deducts his or her expenses and sends the balance to the judgment creditor.

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John’s estate appealed the decision on the theory that a deficiency judgment was barred.. First California moved for a judicial foreclosure on the Note.. and preparing for the holidays. With all these added costs, the tenant may not have enough money to pay rent and the landlord serves.

Say the total debt owed is $500,000, but the home sells for $450,000 at the foreclosure sale. The deficiency is $50,000. In some states, the lender can seek a personal judgment, called a deficiency judgment, against the debtor to recover the deficiency. Generally, once the lender gets a deficiency judgment,

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Florida Foreclosure Defense: What you need to know by Roy Oppenheim The Home Equity Theft reporter: jury convicts south Florida Pair Accused Of Running Sale Leaseback, Equity Stripping Foreclosure Rescue Racket That Swindled Distressed Homeowners Money Pays The Rent: Debt colectors love foreclosure deficiency Judgments If you ignore the notice of complaint, your creditor can obtain a deficiency judgment to.

You can rent. money chasing bad debts, but it’s also possible that the bank could try to sell the deficiency debt left after a short sale to a debt collector. That debt collector might go after you.

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