Foreclosure Consequences for the Borrower under the USDA Rural Home Loan Program

more+
less-

An example of how borrowers under the USDA Rural Home Loan Program are personally liable for an loss claims filed by primary lenders in this upside down market. That's right, the low income borrower will personally owe the government any deficiency in a short sale or trustee's sale if they allow the foreclosure of an upside-down USDA Rural Home Loan guaranteed property.

LOADING PDF: If there are any problems, click here to download the file.


DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Kassandra McQuillen, Kassandra McQuillen Attorney at Law | Attorney Advertising

Written by:

more+
less-

Kassandra McQuillen Attorney at Law on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.
×
Loading...
×
×