Deficiency Judgement

February 11, 2010 by  
Filed under Blog, Deficiency Judgement

A deficiency judgment is a judgment is when a lien is held against a borrowers.  This happens when the foreclosure sale does not produce enough money for the mortgage to be paid in full.  Generally, the lender may come after you for this deficiency depending on whether or not this is a non-recourse loan.

Housing Assist Coldwellbanker