A personal judgment levied against the borrower when a foreclosure sale does not produce sufficient funds to pay the mortgage debt in full.
Related information about deficiency judgment:
- Deficiency judgment - Wikipedia, the free encyclopedia
A deficiency judgment is an unsecured money judgment against a borrower whose mortgage foreclosure sale did not produce sufficient funds to pay the ...
- Deficiency Judgment - Legal Dictionary - The Free Dictionary
An assessment of personal liability against a mortgagor, a person who pledges title to property to secure a debt, for the unpaid balance of the mortgage debt ...
- Deficiency Judgments - How Deficiency Judgments Work
Deficiency judgment are court orders that make you personally liable for unpaid debt. They are often associated with foreclosures, when a home's selling price is ...
- Mortgage lenders pursue homeowners even after foreclosure - Feb ...
Feb 3, 2010 ... "People shouldn't have a false sense of security that a deficiency judgment may not be later sought," Zaretsky said. He expects many will be ...
- House Is Gone but the Debt Lives On - WSJ.com
Oct 1, 2011 ... Florida is among the biggest deficiency-judgment states. Since the start of ... EverBank won a deficiency judgment on Mr. Falero's Orlando loan.
- Foreclosure, Deficiency Judgments and the Perils of Anti-Deficiency ...
Jun 24, 2012 ... A judgment based on the deficiency is known as a “deficiency judgment”, and can include not just the difference in the mortgage and ultimate ...
- Mortgage Foreclosure Deficiency Judgment - Jonathan B. Alper
Discussion of personal liability for deficiency judgment after Florida mortgage foreclosure.
- Deficiency Judgments and California Law
A deficiency judgment is a court order for the same amount plus costs. To obtain a deficiency judgment, the lender must file a lawsuit against the borrower/owner ...