How Do I Get My Foreclosed Home Forgiven? Carl
 | By Mike Killian Ask me your question. |
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“Dear Steve,
My home was forclosed they did not forgive my debt how do i get it forgiven
Carl”
I asked my friend Mike Killian to answer your question for you. I wanted to make sure you got an answer as quickly as possible as I’m a bit backed up at the moment. I’ll be watching the comments on this question and be around to help if you need me.
Big hug.
Dear Carl,
Anyone facing foreclosure has a good chance of owing the lender money after the foreclosure is complete. The laws vary from state to state so you will want to speak to a real estate or bankruptcy attorney about your rights. Some lenders will issue a 1099 income statement to borrowers deficient in paying off their present balance.
It is difficult to know your situation or your state statues but my highest recommendation is to contact a bankruptcy attorney as soon as possible as this may be your only recourse.
Sincerely,
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