John Murphy has a great post you should read if you are in the midst of a foreclosure or short sale. It looks like the banks are gearing up for deficiency judgments. Seek legal advice, not Realtor advice when going through foreclosure or short sale process.
- WSJ: Foreclosures can result in deficiency judgments for homeowners in 41 states (bespacific.com)
- House Is Gone but Debt Lives On (online.wsj.com)
- When Foreclosure Isn’t the End of the Nightmare (neatorama.com)