This WSJ article on deficiency lawsuits leaves me curiously unsympathetic.

By: Moe Lane (Diary)  |  October 2nd at 11:30 AM  | 

I mean, the basic concept behind the practice is worrisome enough: banks foreclose on a property when it goes into default, discover that the foreclosure sale doesn’t recoup their losses, so they get a ‘deficiency judgment’ to try to get the rest from the original borrower. So far, such is life – but where it gets worrisome is where they resell the judgments to third | Read More »