ST Alpha - "I'm sure they don't bother if the person is truly broke. But if they have other assets, properties, it might be worth it to them. -- nm" (Reading a Post)

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In response to "I hadn't heard about this -- banks can sue people for the shortfall when their foreclosed homes sell? -- (link)" by amanda jones

I'm sure they don't bother if the person is truly broke. But if they have other assets, properties, it might be worth it to them. -- nm

Posted by loosilu (aka loosilu2) Oct 13 '11, 06:43

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Responses:

"nvestors know that most states allow up to 20 years to try to collect the debts, ample time for the borrowers to get back on their feet" -- nm - amanda jones Oct 13, 06:51 3
- good god, imagine that hanging over your head. -- nm - Andie Oct 13, 06:51 2
  - [deleted] 1
    - And people wonder *why* the Wall Street protesters are pissed off? -- nm - znufrii Oct 13, 06:57

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