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Updated almost 6 years ago, 02/13/2019
Loophole around Deficiency Judgement
Situation: If you believe that your mortgage company will come after you for deficiency judgement on a foreclosed home, you currently own and live in a multi family... The foreclosed home was a second home you purchased. Both properties are in the state of MA. If you decide to move to another state such as CT since they are anti deficiency, does this waive any judgments against you?
Can you simply put your current property in a trust and move to a anti deficiency state to avoid judgement? and protect your current assets?