According to the decision, he had acquired a warranty deed from Mercury Mortgage Company on property located at 78 Beacon Street in Hartford on November 22, 2004.
In the process of loan securitization the mortgage, or deed to property backing up a loan, is usually separated from the note, or obligation of the borrower to pay.
That would include mortgage debt which is forgiven as a result of foreclosure, as well as debt restructuring, short sale or deed in lieu of foreclosure, so long as the debt is associated with the purchase, building or improvement of your main home and even if that debt is considered recourse debt.