Source: Dee Vanover & Associates Blog

Dee Vanover & Associates Blog What is a Deficiency Judgment

Homeowners who have lost their home to foreclosure or sold through a short sale, may not be off the hook. Lenders have the right to seek a Deficiency Judgment against the homeowner for the difference between the amount of the mortgage and what the property sold for. Lenders in essence are seeking to recoup what [...] ↓ Read the rest of this entry...

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