Mortgage Forum

Mike

I foreclosed on my house in MI back in 2006, and just the other day I get a letter from some attorney in CO who says he is representing some Insurance Company I've never heard of wants over 50k from me to settle, or they will persue a deficiency judgment against me. I told the lawyer to send me the documents he has so I can see them, and all he sent me was a document from the sheriff sale (which shows the house sold at the sale, which it didn't), and some page with the insurance company's name, and lender's name, but no details on the insurance or anything about the policy. He says the Insurance Company paid out over 102k to the lender, but his itemized break down of the costs came up to like 14k.Can an Insurance Company (I'm assuming PMI) come after me after a foreclosure? What are my options if this is legit? The documents the lawyer sent me don't match what really happend...the house was on the market after the redemption period expired for over a month, and Trott and Trott (lawyer who handled foreclosure) told me the house didn't sell at the sheriff's sale.I'm thinking if this is legit, they would have to send it to a lawyer in Michigan, then I could just file Chap 7 (I have no other assets to my name) if they win a judgment against me. This whole situation with them feels fishy.

lisare

This was a good suggestion that you put up here...dude…..hope that it benefits all the ones who land up here.

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Insurance company