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Relief For People Sued By Lenders

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Relief For People Sued By Lenders A federal bankruptcy court in Tennessee has made a ruling that may offer relief to people being sued by their former lenders to pay the balance on their mortgages long after they lost their homes in foreclosure. Earlier this month, The Washington Post reported that hundreds of people in the Washington area, including 400 in Maryland, are being sued by their former mortgage lenders for the so-called deficiency on their old mortgages; this is the balance on the loan that was not paid after the bank sold the house after a foreclosure. These people [...]

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