http://memphisrealestatebuzz.com/2010/04/20/strategic-defaults-or-foreclosure-hell/ Memphis Real Estate Blog - Home Search, Local and National RE News Wed, 28 Dec 2011 02:54:19 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://memphisrealestatebuzz.com/2010/04/20/strategic-defaults-or-foreclosure-hell/comment-page-1/#comment-743 Fannie Mae to seek deficiency judgements against strategic defaults - Memphis Real Estate Buzz Wed, 07 Jul 2010 17:29:13 +0000 http://memphisrealestatebuzz.com/?p=1275#comment-743 [...] The LA Times reports that Fannie Mae (Federal National Mortgage) will pursue deficiency judgments on certain types of  defaulted mortgages and will take steps to keep walkaways from getting new mortgages for 7 years.  While mortgage deficiency judgments are illegal in some states, most allow this practice.  I discussed the prospect of  walkaways being held accountable for their debts in an April Post “Strategic defaults or foreclosure hell?”. [...] [...] The LA Times reports that Fannie Mae (Federal National Mortgage) will pursue deficiency judgments on certain types of  defaulted mortgages and will take steps to keep walkaways from getting new mortgages for 7 years.  While mortgage deficiency judgments are illegal in some states, most allow this practice.  I discussed the prospect of  walkaways being held accountable for their debts in an April Post “Strategic defaults or foreclosure hell?”. [...]

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