Quote:
Originally Posted by sebastian_dangerfield
It's an in rem judgment - against the property, not the borrower. And as to the post-sheriff's sale deficiency, in 99% of instances, the lender does not pursue a separate action to obtain and enforce an in personam judgment against the borrower (no use in pumping a dead well).
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So if the IRS were just seizing homes, and justifying a campaign of robo-signing affidavits and falsifying notary stamps with "we're probably right 90% of the time," that would be fine?
