Foreclosure in 32708>Question Details

Karly Owens, Home Owner in 87701

when bac refinanced my loan in 2009 they violated at least three n.m. laws. can they denied a deficency judgement?

Asked by Karly Owens, 87701 Tue Dec 27, 2011

Help the community by answering this question:


Alma Kee’s answer
Hi Karly,

Did Bank of America already foreclose their lien?

If not, you may be better off doing a Pre-foreclosure Short Sale. As far as New Mexico State Laws, I don't think they would apply in Florida.

Find an attorney asap if they've already foreclosed because in Florida we are a deficiency judgement state and they can come after you for many many years for 100% of their loss.

All the best,
0 votes Thank Flag Link Wed Dec 28, 2011
Hi Karly,

Sorry to hear what happened. This is truly a legal question, so you really need to run this by an attorney.

All the best,

Roswell Moore, CMPS
Certified Mortgage Planner
480-422-5095 direct

We are a Direct Lender, Mortgage Bank where we originate, process, underwrite, fund, AND SERVICE our loans, in-house, with FHA (starting at a 580 score AND still only 3.5% down), FHA Streamline loans (NO minimum credit score, NO appraisal required) Go Green rehab loans, HomePath, Investor Friendly (10 financed properties), VA, USDA, Jumbo, Conventional, plus, we allow Escrow HoldBacks!
NMLS ID 263779 | AZ BK 359295
0 votes Thank Flag Link Tue Dec 27, 2011
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2016 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer