I help people with these situations all the time. If the bank chooses a certain type of foreclosure it waives the right to go to court for a deficiency judgment at a later time. No one can buy this and collect on it…..
I know we hate to hear this, but it’s the way it is in the REAL world.
The new BK laws just have a little tougher screening process and that’s about it….other than that it’s just as easy to BK. These things are propagated to the masses that never take the time to look over the REAL changes if any.
It has worked on you and probably many others that are considering BK but remember that “It’s harder now” and therefore don’t pull the trigger. It is effective propaganda in that it makes you think a certain way and then act a certain way…
The govt does this all the time to the masses to deter their behavior. Have you tried reading through the new laws concerning increasing loan limits…hahahahhaahahahhaa..good luck understanding that spider web of confusion…..might want to grab a bottle of your favorite for that read…..
