InnoVest Resource Management's Foreclosure Forum

Home Discussion Board "Hands-On" Training Title Holding Trust Speaking Schedule Store Foreclosure Fundamentals Code References 50 State Foreclosure Basics Foreclosure Glossary Foreclosure Statistics 70+ Yrs Interest Rates Fillable Forms Archived Articles Dingbat Retirement Plan Links Contact / Map About Us Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Suntrust and Deficiency Judgments - Virginia Posted by Virginian on May 08, 2008 at 8:41 AM Anyone know what Suntrust's current mood/policy is regarding deficiency judgments in Virginia? We're a non-judicial foreclosure but the shortfall could be low 5-figures so maybe it's cost-effective to go after a DJ under seperate legal action? Unlimited DJ's allowable in Va, 5-year statute of limitations on pursuing one. Our guess is that the bank will have to hold our house for at least a year to find buyer, maybe more based on regional supply. For the record Hope Now has recommended us for a re-structure. We're waiting for feedback right now from Suntrust. Time is of the essence. thx for any help. Follow Ups: Re: Suntrust and Deficiency Judgments - Virginia Rick, the Probate Guy 10:33 AM, 05/08/08 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Anyone know what Suntrust's current mood/policy is regarding deficiency judgments in Virginia? We're a non-judicial foreclosure but the shortfall could be low 5-figures so maybe it's cost-effective to go after a DJ under seperate legal action? Unlimited DJ's allowable in Va, 5-year statute of limitations on pursuing one. Our guess is that the bank will have to hold our house for at least a year to find buyer, maybe more based on regional supply. : For the record Hope Now has recommended us for a re-structure. We're waiting for feedback right now from Suntrust. Time is of the essence. : thx for any help. [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction. Read our privacy policy.

Copyright © 1997-2008, InnoVest Resource Management
http://www.foreclosureforum.com

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455