Legal Question in Real Estate Law in Indiana
Foreclosure
My home was foreclosed on in Indiana last year.
What liablity will I have going forward?
Asked on 2/09/09, 2:04 pm
1 Answer from Attorneys
Re: Foreclosure
You are legally responsible for the diiference between what your house sells for and the actual judgment for foreclosure plus expenses of sale. However, form a practical standpoint, if there is a difference, the lenders rarely seek to obtain that amount from the former homeowner.
Answered on 2/09/09, 2:15 pm
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
