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Banks pursue deficiencies in foreclosures (access required)

by Amanda Miller

Published: July 27,2011

Time posted: 10:11 am

Tags: banks, filing, Foreclosures, statistics

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Borrowers who thought they could walk away from a foreclosure, dust off their jackets and pick up where they left off have been surprised to find their debt continues to haunt them. That’s because banks are pursuing the balance owed on a property after foreclosure sale. Before the real estate crisis, banks rarely claimed deficiencies. But that’s ...





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