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Sunday, September 12, 2010 - 11:37 AM

Deficiency Judgements

Gunnison Savings and Loan Association (1 stars)
Gunnison Savings and Loan Association, Gunnison Colorado through their attorney Rufus Wilderson is pursuing a deficiency judgement on property the bank purchased at foreclosure auction.  Attempts for settlement have been rejected. I am an out-of-state defendant and the legal fees are mounting. I can not find a history of this type of transaction for this bank.  Under the County Assessor, this property is the only bank buy back to date.  Between buy back price, interest paid on the original loan and loan costs, the bank did not lose money.  Yet there is a $100k deficiency judgement.  It seems I am singled out and that this is not a typical practice.  
2
HRBrownCSHRBrownCS1 posts since
Sep 12, 2010
Rep Points: 2
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