Why Aren’t More Banks Pursuing Deficiencies? It’s the housing market equivalent of “the dog that didn’t bark”: with hundreds of thousands of homeowners nationally on the hook for mortgage deficiencies in the wake of short sales and foreclosures, why aren’t more banks trying to collect? Anecdotally, there appear to relatively few such actions, leaving lawyers, Realtors, and...Read More
Balancing Home Disclosure GoalsToday’s New York Times has a tragic story detailing the various health (and financial) calamities that befell one Tennessee family after they unwittingly bought a home that had formerly been used as a meth lab. As recent Minnesota home buyers and sellers can attest, Minnesota requires Sellers to disclose whether their home...Read More