Locust Fork, AL, US
Wind: 5 mph N
Humidity: 29%
Visibility: 0.1 mi
Preasure: 30.06 in falling
Sun Rise: 6:24 am Set: 7:06 pm
Now: 90°F | Fair
Windchill: 90°F
Mon : Clear
Hi: 88°F , Low: 62°F
Tue : Mostly Sunny
Hi: 92°F , Low: 67°F
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Adville, AL 35097 Blount County
A Bank of America executive said that if borrowers prove they can no longer pay their mortgages and have few or no assets, the bank will waive its right to a deficiency judgment during the closing of the short sale deal. But if the borrower can afford to pay or has assets, the bank will try to negotiate a set fee for the borrower to pay at closing. If the borrower refuses to turn over financial information, the bank will retain its right to go after the money.
http://www.mortgagedaily.com/MctBoaDeficiency060510.asp?spcode=rss
Consumer bankruptcy filings during August fell 8 percent from July, the American Bankruptcy Institute reported. The decline followed a bounce in July. Year-to-date Aug. 31, 2010, filings totaled 1,034,843.
http://www.mortgagedaily.com/Legal.asp?spcode=rss
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