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Deficiency Balance

This is a topic titled Deficiency Balance made in the Mortgage Talk section, belongs to our Mortgage Chat category; I was told that if we had our home foreclosed on that we would not have to pay the deficiency balance. Got a letter just today demanding payment of a ...








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Old July 12th, 2008, 07:07 PM   #1
Mike
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Registered: Apr 2008
Posts: 1,497
Default Deficiency Balance

I was told that if we had our home foreclosed on that we would not have to pay the deficiency balance. Got a letter just today demanding payment of a andquot;settlementandquot; of $62,000+! We don't have any money and are barely getting by. What are our options at this time?
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