Hey gang. I'm trying to write an article for my blog. I am looking for local newspaper links where banks SUED a homeowner after foreclosure.
If you have a local newspaper in your state that has written any such article or have any stories related to lenders suing homeowners after foreclosure please post back here.
THANKS SO MUCH!!
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Don't have any helpful info, but this is a very interesting subject. "Will they come after me?" is such a hard question to answer, and we get it all the time. My understanding is, if there's no fraud involved, banks suing borrowers is very rare.
Those with strong hardship reasons I would think are pretty safe, even if no release letter. Not that they're immune from being sued, but if they cooperated in a short sale it's hard to see them losing in court.
It's the strategic defaults, of course, that are taking a big risk. But trying to quantify that risk is really difficult without the kind of info you're looking for.