Jul

16

Can the 2nd mortgage company sue me for deficiency upon foreclosure?

Filed Under mortgage 

cooluni asked:


I am in the process of foreclosing my house along with 2 rental homes in AZ. I understand that the anti deficiency law protects my assets. However, can and will the 2nd mortgage company sue me or put a lien on my other property/asset for the deficiency? Is there anyway to protect myself?

Elsie
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Comments

2 Responses to “Can the 2nd mortgage company sue me for deficiency upon foreclosure?”

  1. alterfemego on July 19th, 2008 1:29 am

    For the balance owned suggest you talk with bankruptcy attorney.

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