Foreclosures Help Information

Foreclosure Laws

Question: Is there a new foreclosure law stating a deficiency by a short sale on a primary residence is forgiven?

I keep hearing about a new law, that might be part of a presidential order, forgiving the short sale deficiency of a primary residence. Can someone provide confirmation of this new law? If so what are the guildlines, how does it work and what defines a primary residence according to this new law? Everyone who has shared this with me has been in the state of Arizona, is this new law only applicable there?

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Answer: There is no law like that at the present time.

However I have been an activist in the Democratic Party for over forty years.

I have been agitating for changes in our mortgage lending laws for years.

I am currently working with a Democratic candidate for Congress.

We are trying to unseat a do nothing Republican Congressman and I think that we have a good chance of winning.

When we win, we will be holding hearings on this whole mortgage mess.

We will be proposing legislation that will do away with this mess, make the lenders much less arrogant and more willing to work with people.

Ther is no such law on the books, yet.

We will have a Democratic President, a Democratic Congress and a Democratic Senate.

The greedy Republican mortgage lenders have been living off the backs of the working people for much too much time.

The greedy Republican mortgage lenders will learn a lesson they will never forget when we take over the government in 2008.

The Republican creeps will go down in flames in 2008!!!!

Understanding The Foreclosure Process - Part 1

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