The Banks Can Still Come After You Years After Foreclosure!

This is a pretty long article and worth the read, BUT if you don't have the time, it basically states that if you just walk away from your property, chances are the bank will come after you.  And depending on where you live they could pursue you for up to 36 years.  BUT if you do a strategic foreclosure OR a short sale and you have debt forgiveness clauses in your closing documents, then you will be fine.  Hire an attorney and real estate professional- trust me it could be worth hundreds of thousands of dollars to you and many nights sleep.  Call or inbox me if you need any guidance.

Washington Post Article on Foreclosure Debt

Foreclosure settlements from the largest home lenders in the US coming to borrows this summer!

If you were in foreclosure in 2009 or 2010 you could be getting a settlement check from your lender! The agreement, reached earlier this year, provides $3.6 billion in cash payments to borrowers whose homes were in any stage of foreclosure in 2009 or 2010, and whose mortgages were serviced by: Aurora, Bank of America, Citibank, Goldman Sachs, HSBC, JPMorgan Chase, MetLife Bank, Morgan Stanley, PNC, Sovereign, SunTrust, U.S. Bank and Wells Fargo. Check the article for details. This won't heal all of your hurt, but ths is VERY exciting news for homeowners who were burned in the process. http://ow.ly/jU7rq