Hello everyone :). I understand that when a bank sells your house under power of sale, they will collect the difference in debt from CHMC. So if they sell your house for 150,000 and the mortgage is 200,000, CHMC will give the bank 50,000. My question is: Will CHMC or the bank come after you for that money after? Will they treat the 50,000 as a regular collection? Will they sue you for that debt? Thank you. Bill

Umm who is CHMC?

Sorry, I just noticed this is an American help desc. CHMC is the insurance that insure banks when you purchase a home and it's high ratio.

Its actually internations but the majority of members are american. It would help if you told us where you are.

Of course, I'm sorry, I'm in Canada. CHMC stands for Canadian Housing and Mortgage Corporation.