Can junior lien holder send homeowner to collections after foreclosure?

Mr. Taylor's prior answer is generally correct. In Washington state it is possible that bidders might generate a surplus at the sale of the first...

I want to buy a house outright ,,, and walk away from my house now which is upside down,,

If you live in Washington, or a state that prohibits deficiency judgments on first mortgages when nonjudicial foreclosure procedures are used,...

If I agree to a deed in lieu of forclosure, will the banks still come after me for the remaining balance?

You are in the company of many people who have the same problem. The problem with a deed of lieu is that both lenders would have to sign off on an...

Homeowner didn't pay mortgage - foreclosure/seling our rental

In this situation I would stop paying the rent and see if the owners contact you or a property manager. I would ask for assurances that you will...

FL foreclosure process, real estate deed in lieu process in FL state, seeking attorney in Melbourne FL

Another concern would be that a deed of lieu of foreclosure can trigger federal and state tax liability. This occurs when debt is forgiven which...

Consequences if party defaults on an unsecured real estate note loan

This depends on state law for the most part. Generally, real estate loans are secured by the real estate. If so, a foreclosure or suit would...

Washington law prohibits a deficiency judgment following a non-judicial foreclosure. The property is sold by a trustee in full settlement of the...