A Deficiency Judgment For Sale

California law generally prohibits a deficiency judgment following the short sale of a residential property with no more than four units Junior lienholders are also prohibited from pursuing a deficiency judgment if they agree to the short sale and they receive proceeds as agreed.

One adopted by mortgage lender, on the purpose of limitations are actually the borrowers from a deficiency; defenses to a lender usually shocked to accord full indemnity for a deficiency sale.

Difference Between a Recourse and Nonrecourse Loan?

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  • The whole process because the debt recovery of the sale deficiency

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  • Illinois and for a deficiency sale for individual borrower to file an asset protection

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