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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Hey Ward... Posted by mike on July 08, 2010 at 4:04 PM What's this? http://endoftheamericandream.com/archives/crackdown-is-the-massive-wave-of- strategic-defaults-about-to-come-to-a-screeching-halt "So what can Fannie Mae do to those who have committed strategic defaults? Well, the truth is that mortgage laws vary widely from state to state. But in areas where they are permitted, Fannie Mae plans to pursue deficiency judgments. A deficiency judgment is a court order that requires a defaulting borrower to pay the entire remaining unpaid portion of the mortgage after a foreclosed home is sold." ? Follow Ups: Sounds like saber rattling... Ward-CA 0:19 AM, 07/13/10 (0) Post a Followup: Name : E-Mail : Subject : Comments: : What's this? : http://endoftheamericandream.com/archives/crackdown-is-the-massive-wave-of- : strategic-defaults-about-to-come-to-a-screeching-halt : "So what can Fannie Mae do to those who have committed strategic defaults? : Well, the truth is that mortgage laws vary widely from state to state. But in areas : where they are permitted, Fannie Mae plans to pursue deficiency judgments. A : deficiency judgment is a court order that requires a defaulting borrower to pay the : entire remaining unpaid portion of the mortgage after a foreclosed home is sold." : ? [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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