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2007 Law Passed Regarding Deficiency Judgments

This is a topic titled 2007 Law Passed Regarding Deficiency Judgments made in the Home Mortgage section, belongs to our Mortgage Chat category; Hi, I was listening to CNBC when someone said a law was passed in 2007 regarding lenders not being able to collect deficiency money from FC or Short Sales. I ...








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Old July 8th, 2008, 05:33 PM   #1
Joel Fraser
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Registered: May 2008
Posts: 907
Default 2007 Law Passed Regarding Deficiency Judgments

Hi, I was listening to CNBC when someone said a law was passed in 2007 regarding lenders not being able to collect deficiency money from FC or Short Sales. I did not get all the info because I was only half listening. Does anyone know about this and/or can tell me the actual name so I can look it up?
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