Insight from attorney Larry Tolchinsky contributed to a recent article on Bloomberg.com entitled “Lenders Pursue Mortgage Payoffs Long After Homeowners Default.” The article, written by Kathleen M. Howley, summarizes the concept of deficiency judgments and raises the question whether this issue will be the next big crisis for consumers.
If you are interested in learning more about deficiency judgments, click here to read several articles Larry has written on the topic. If after reviewing this information, you still would like more information, you may either post a comment to this blog, contact him by email, or call him at (954) 458-8655 and he will be happy to answer your questions. He offers a free initial consultation.
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