What Is a Deficiency Judgment? Understanding Your Rights After Repossession or Foreclosure
What Is a Deficiency Judgment? Understanding Your Rights After Repossession or Foreclosure When a lender takes back property after a repossession or foreclosure and sells it, the sale price often isn’t enough to cover the total balance you owed. The remaining balance is called a deficiency balance, and when a lender sues and wins in […]