Asked over 2 years ago - Hubert, NC
FlagI foreclosed on a house in Sep 2009. I received a letter from a company insuring the US bank loan asking for 41,000. I tried very hard to keep my home. Call US bank at least once a week. Sent all my info to Acorn housing but couldn't get any help. Anyway, do I have any legal basis to fight this?
If the lender followed all requirements under state law to get a deficiency, then the lender can sue for its loss. If the lender forgives the money and it was your primary residence, you may be able to avoid tax liability.
[This communication is intended as general information and not specific legal advice, and this communication does not create an attorney-client relationship.]
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