Blogs > Cliopatria > Historical Memory Suggests Some Predictable Outcomes

Oct 2, 2011 7:31 pm


Historical Memory Suggests Some Predictable Outcomes



Four years ago, I predicted a wave of deficiency judgments against homeowners who lost their homes in foreclosure proceedings but still found themselves owing money to their mortgage lender. That prediction was based on past occurrences of the same thing.

So here's an Oct. 1 story from the Wall Street Journal on the rising wave of deficiency judgments in precisely those circumstances.


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