Legal Question in Real Estate Law in Texas

collections after foreclosure

I had a property foreclosed on 9/06. It had two liens on it. The second lien showed charged off as a loss on 1/07 in my credit report. The loan was transferred to another servicer 1/08 and they are sueing me for the full amount plus atty fees. Is that legal after they have charged the debt off.


Asked on 11/12/08, 5:43 pm

1 Answer from Attorneys
Cheryl Rivera Smith The Smith Law Firm

Re: collections after foreclosure

Yes. It is called a deficiency judgment. You may want to consult a bankruptcy attorney.

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Answered on 11/13/08, 6:07 pm


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