Known as the Fairness in Foreclosures Act of 2011, H.R. 3566, the bill seeks a one-year cap on any deficiency judgment, except in states that already have shorter time limits already in place. The bill also proposes that mortgage lenders not be allowed to go after “low-income” borrowers for a deficiency judgment.
Shan Saigal
Broker-Referral Realty Silicon Valley
Direct: 408-505-9302 /Dre#00768704
Broker-Referral Realty Silicon Valley
Direct: 408-505-9302 /Dre#00768704
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