Category: Deficiency Judgement

Deficiency of judgment: Part 3, what SHOULD happen

13 October, 2011 (10:13) | Collection, Deficiency Judgement, Foreclosure, Homeownership, Markets, Subprime, Theory, US News |

[Continued from yesterday's Part 2 and the preceding Part 1.]   By:David A. Smith   Laugh-a while you can, monkey-boy! – Lord John Whorfin, Buckaroo Banzai Across the Eighth Dimension   Now that we’ve established lenders can pursue foreclosed homeowners after the property is lost, and that they (or their successors in interest) will pursue [...]

Deficiency of judgment: Part 2, what WILL happen

12 October, 2011 (10:24) | Collection, Deficiency Judgement, Foreclosure, Homeownership, Markets, Subprime, Theory, US News | 2 comments

[Continued from yesterday's part 1.]   By:David A. Smith   Sealed with a curse as sharp as a knife. Doomed is your soul and damned is your life. – Lord John Whorfin, Buckaroo Banzai Across the Eighth Dimension   Yesterday we saw, via a Wall Street Journal article reporting a continuing reality as if it [...]

Deficiency of judgment: Part 1, what CAN happen

11 October, 2011 (11:24) | Collection, Deficiency Judgement, Foreclosure, Homeownership, Markets, Subprime, Theory, US News |

By:David A. Smith   Character is what you are in the dark! – Lord John Whorfin, Buckaroo Banzai Across the Eighth Dimension   History is made at night!   Being an eldest child, I am predisposed to believe that if you borrow money, you should expect to pay it back, even if the lender has [...]