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Jan. 15

Collecting Loan Debt After Foreclosure (Deficiency Judgment)

Lenders Can Pursue Borrowers for Loan Debt Remaining After Foreclosure by Obtaining a Deficiency Judgment Lenders are frequently left with a balance remaining on the loan (commonly referred to as the “deficiency”) after completing a foreclosure of the real estate collateral for the loan. This is the case if the loan debt exceeds the value…