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LIABILITY AFTER FORECLOSURE – THE SEQUEL

Last fall, we published a blog article that reviewed the intricacies of the “Liability after Foreclosure” disclosure.  Here we provide a quick update and add some valuable new information. As a refresher, the following disclosure appears in the Loan Estimate but only when the transaction is defined as a refinance: Liability after Foreclosure Taking this loan could end any state law protection you may currently have against liability for unpaid debt if your lender forecloses […]

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