Thursday, December 11, 2008
Which state have anti-deficiency statutes?
Good question!
Here is a nice list of state by state listings answering that exact question:
http://www.enotes.com/everyday-law-encyclopedia/
More foreclosure & bankruptcy news tomorrow!
Saturday, November 29, 2008
Here are some more links to follow up the other days’ post about anti-deficiency statutes…
http://www.dumanlaw.com/newscol/andef.html
http://foreclosureuniversity.com/blog/2008/
http://www.sackstierney.com/articles/antideficiency.htm
This one is from 1999, so use it as background info only…things may have changed since then:
http://library.findlaw.com/1999/Jun/1/130457.html
http://www.thinkglink.com/Anti_Deficiency_Law.htm
& read this:
Anti-deficiency laws typically provide no protection for second mortgages or home equity lines. Also, there is no protection when the property is not [...]
Tuesday, November 25, 2008
Antideficiency Statute info is scattered around online..here are some links that we could dig up…
Forty-two states in the U.S. allow deficiency judgments, meaning that lenders can seek
to cover any deficit at foreclosure out of the borrower’s non-housing wealth
http://www.sba.uconn.edu/RealEstate/
Also, see these links:
http://jaydiatribe.blogspot.com/2008/04/anti-deficiency
http://www.castlelaw.com/antideficiency.htm
http://www.foreclosurecounseling.com/foreclosure_help/antideficiency.html
http://dirtlaw.typepad.com/blog/2008/03/californias-ant.html
http://www.dianedrain.com/RealProperty/
http://www.garystickell.com/articles/arizona-antideficiency.htm
There should be an antideficiency site somewhere?
Anyone know of a site primarily dealing with antideficiency [...]
In many states, depending on your mortgage situation, if you chose to “walk away” from your mortgage, you can sometimes be on the hook for the balance of the mortgage in relation to what the bank gets in an auction proceeding.
The difference is called the “deficiency.”
(I think I’ve mentioned this in a prior post, but [...]