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Deficiency Balance

Deficiency Balance

This is a discussion on Deficiency Balance within the Mortgage Problems and Solutions forums, part of the Mortgage and Loans Forum category; I was told that if we had our home foreclosed on that we would not have to pay the deficiency ...

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07-13-2008, 06:08 AM

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Deficiency Balance

I was told that if we had our home foreclosed on that we would not have to pay the deficiency balance. Got a letter just today demanding payment of a andquot;settlementandquot; of $62,000+! We don't have any money and are barely getting by. What are our options at this time?

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