Reverse-Mortgage Fails Not a Factor in Florida’s Stubbornly High Foreclosure Rate Say the total debt owed is $200,000, but the home sells for $150,000 at the foreclosure sale. The deficiency is $50,000. In some states, the lender can seek a personal judgment against the borrower-or the borrower’s estate-to recover the deficiency after a foreclosure. However, deficiency judgments are not allowed with HECM reverse mortgages.
· Respectfully submitted by Lawrence E. Rafferty (rafflaw)-Guest Blogger Now that the infamous Sequestration cuts are likely to kick in next week, I find it both hilarious and scary, that Erskine Bowles and Alan Simpson, the co-chairmen of the deceased debt commission that failed to produce a plan that their own committee could accept, are back.
"President Donald Trump’s first re-election fundraiser will be held at his own Washington, D.C., hotel, the campaign confirmed to NBC News Wednesday." "The event, supporting the joint fundraising committee of the Republican National Committee and Trump’s 2020 presidential campaign, will be held on June 28th at the opulent Trump Hotel.
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Other sections include the latest news from the White House, a photo gallery and an area where supporters can contribute to the 2020 campaign. Trump kicked off his campaign for re-election in mid February with a rally in Melbourne, Fl., Fox News reported.