(Nick Bastian, Tempe AZ)

Losing Your House To Foreclosure Doesn’t Necessarily Mean You No Longer Owe Money To The Bank

There’s a commonly held notion that losing one’s home to foreclosure is the final act in a sad drama, that the homeowner has hit bottom and has nowhere to go but up. But thousands of foreclosed-upon homeowners are finding out, years after turning their keys over to the bank, that they may still be on the hook — sometimes for hundreds of thousands of dollars. [More]