Can I read Fairness in Foreclosures Act 2011 on EtoBox?

Fairness in Foreclosures Act 2011 by DinSFLA is a document available to read on EtoBox.

What is Fairness in Foreclosures Act 2011 about?

This bill proposes requirements for deficiency judgments arising from foreclosures on single-family home mortgages. It establishes that: 1) Actions for deficiency judgments must be brought within 12 months of foreclosure sale or the applicable state timeframe, whichever is earlier. 2) If no deficiency action is brought in that period, the foreclosure sale proceeds will be deemed full satisfaction of the mortgage obligation. 3) Deficiency judgments can only be issued if the court finds the foreclosure sale

Author

DinSFLA

Language

EN