Tag archive for ‘Anti-deficiency legislation’
Why you need to file bankruptcy. . .
by Jay Jump on 3/04/10 | 5 Comment(s)
You can villify me later. For now, I need you to read and get some perspective. Pay attention because we’re going to move fast. You need to file for bankruptcy. Let me say it again for those of you who are still shaking your head. YOU NEED to file for bankruptcy! There, I gave you [...]
Will I Owe Money After Foreclosure?
by John O'Connor on 10/02/09 | 1 Comment(s)
A common misconception among consumers is that after foreclosure they will not owe their mortgage lender. Many homeowners who go through foreclosure are surprised to learn that they still owe money on their house, even though they no longer own it! Most mortgage lenders require borrowers to personally guarantee the amount of the note, leaving [...]
Protecting Against Deficiency Judgments Through Bankruptcy
by John O'Connor on 4/13/09 | 0 Comment(s)
As a bankruptcy and real estate finance attorney in Charlotte, NC, I meet with many over-extended real estate investors. Entreprenuers who acquired highly leveraged real estate portfolios are now having a difficult time meeting their debt service payments and are left with undesirable choices. Perhaps a construction loan has reached or is past maturity and [...]
