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The market value of my house is $95,000 and my loan amount is $125,000. My lender has foreclosed on my property. Can my lender sue me for the deficit balance post foreclosure?

Yes, if the lender wants, then he can sue you for the remaining balance. The trend has risen with foreclosure rising in the past few months.

Sub: #1 posted on Wed, 12/01/2010 - 10:42


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