Can a mortgage company still come after me to salary after they enjoy foreclosed on my home?
located in MI
Try calling them first, so you can try to skipper them off from collecting on you in one lump sum and variety arrangements. Because yes they can and they are going to. The bank is going to come after you for ALL shortages, fees, attorney fees, hidden fees,fees for fees, that the money collected from the public sale of the property didn't cover or wasn't enough to cover the entire loan.
Possibly. See the Wiki article attached, but if a recourse clause is included contained by your mortgage agreement, they may come after the difference if the sale doesn't cover the remaining balance. Source(s): http://en.wikipedia.org/wiki/Foreclosure
"> I think that they can come after you for any shortages between your mortgage symmetry (plus interest, foreclosure fees, etc.) and how much they are able to get for your home.
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Try calling them first, so you can try to skipper them off from collecting on you in one lump sum and variety arrangements. Because yes they can and they are going to. The bank is going to come after you for ALL shortages, fees, attorney fees, hidden fees,fees for fees, that the money collected from the public sale of the property didn't cover or wasn't enough to cover the entire loan.
Possibly. See the Wiki article attached, but if a recourse clause is included contained by your mortgage agreement, they may come after the difference if the sale doesn't cover the remaining balance. Source(s): http://en.wikipedia.org/wiki/Foreclosure
"> I think that they can come after you for any shortages between your mortgage symmetry (plus interest, foreclosure fees, etc.) and how much they are able to get for your home.
Related Questions: