Foreclosure Default Amount

State lawmakers weigh bills to help homeowners hit by foreclosure
One of the measures would limit lenders’ ability to force borrowers to cover the difference when their home is sold for less than the amount they owe on their loan. With thousands of Californians facing foreclosure on their underwater mortgages each month, state lawmakers are rushing in with measures to help them cope with their loans and possibly stay in their homes.
Default America: Widespread Foreclosures