Deficiency judgment
A deficiency judgment is an unsecured money judgment against a borrower whose mortgage foreclosure sale did not produce sufficient funds to pay the underlying promissory note, or loan, in full. The availability of a deficiency judgment depends on whether the lender has a recourse or nonrecourse loan, which is largely a matter of state law. In some jurisdictions, the original loan(s) obtained to purchase property is/are non-recourse, but subsequent refinancing of a first mortgage and/or acquisition of a 2nd (3rd, etc.) are recourse loans.
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Deficiency judgment
A deficiency judgment is an unsecured money judgment against a borrower whose mortgage foreclosure sale did not produce sufficient funds to pay the underlying promissory note, or loan, in full. The availability of a deficiency judgment depends on whether the lender has a recourse or nonrecourse loan, which is largely a matter of state law. In some jurisdictions, the original loan(s) obtained to purchase property is/are non-recourse, but subsequent refinancing of a first mortgage and/or acquisition of a 2nd (3rd, etc.) are recourse loans.
has abstract
A deficiency judgment is an un ...... don't know their legal rights.
@en
不足金判決（deficiency judgment）とは、譲 ...... 立てによる救済の可能性を探るため、弁護士に相談すべきである。
@ja
Wikipage page ID
10,734,661
Wikipage revision ID
732,965,189
hypernym
comment
A deficiency judgment is an un ...... 3rd, etc.) are recourse loans.
@en
不足金判決（deficiency judgment）とは、譲 ...... 立てによる救済の可能性を探るため、弁護士に相談すべきである。
@ja
label
Deficiency judgment
@en
不足金判決
@ja