Sunday, August 03, 2008

Debt Colectors Love Foreclosure Deficiency Judgments

The debt collectors have been purchasing deficiency judgments and the right to pursue them from foreclosure actions in judicial foreclosure states. Florida deficiecny judgments are particularly tasty to the debt collectors who purchse default judgments. The judgments in florida are then used to collect money that goes in the debt collector's pockets.

The debt collectors don't like non-recourse loans as they will not obtain deficiecny judgments on those loan types. Try to avoid the debt collector and the dficiecny judgments whenever possible and the best way to do this is to make your Florida mortgage loan payments on time every time. This may not always be possibel and the result may be a foreclosure and a deficiency judgment.

I am trying to let people know that florida mortgage loans are subject to judicial foreclosure with deficiency judgments so avoid foreclosure in florida like the plague.

May you avaoid the florida deficiecny judgment and please leave a comment and let mw know if this foreclosure, judgment, and deficiency judgment article was helpful in any way. Thanks! And if you are a debt collector then please DO NOT leave a comment as I will NOT post your debt collection propogranda on this site!

Labels: , , ,


Post a Comment

<< Home