Sentences with phrase «deficiency judgment against»

It is really a business decision for the lender to determine whether it would receive more money by accepting the St Paul Daytons Bluff Short Sale, or completing a foreclosure, reselling the property, and pursuing personal liability (i.e., deficiency judgment against the borrower and / or claims against guarantors, for loans on which those remedies are available.)

It is really a business decision for the lender to determine whether it would receive more money by accepting the St Louis Park Short Sale, or completing a foreclosure, reselling the property, and pursuing personal liability (i.e., deficiency judgment against the borrower and / or claims against guarantors, for loans on which those remedies are available.)

The property must be appraised, as well, so that the short sale offer can be evaluated by the lender against the pending mortgage, the possible foreclosure, and the probability of a deficiency judgment against the seller / borrower.

It is really a business decision for the lender to determine whether it would receive more money by accepting the Minnesota Short Sale, or completing a foreclosure, reselling the property, and pursuing personal liability (i.e., deficiency judgment against the borrower and / or claims against guarantors, for loans on which those remedies are available.)

Avoid a deficiency judgment — Lenders can seek a deficiency judgment against the homeowner and collect any amount they do not recover at sale.

If the purchase money loan for any type of real property is financed by the seller and secured by that same property, the lender / seller may not obtain a deficiency judgment against the defaulting borrower / buyer..

Foreclosure by Sale: If you owe more than the property sold for, the lender may ask the court to enter a deficiency judgment against you.

It is really a business decision for the lender to determine whether it would receive more money by accepting the St Paul Central Short Sale, or completing a foreclosure, reselling the property, and pursuing personal liability (i.e., deficiency judgment against the borrower and / or claims against guarantors, for loans on which those remedies are available.)

It is really a business decision for the lender to determine whether it would receive more money by accepting the Farmington Short Sale, or completing a foreclosure, reselling the property, and pursuing personal liability (i.e., deficiency judgment against the borrower and / or claims against guarantors, for loans on which those remedies are available.)

In such states, the lender can not pursue a deficiency judgment against a seller for any deficiencies after a property is foreclosed.

Upon default, you are liable for any deficiency judgment against you.

They also get a deficiency judgment against the borrower for the difference between the loan balance plus costs and interest and what the lender got for the property at the foreclosure sale.

Banks who have made mortgages in North Carolina are allowed to seek deficiency judgments against borrowers.

Fannie Mae says that it will pursue deficiency judgments against strategic defaulters in states where that recourse is available to lenders.

Fannie also will seek deficiency judgments against borrowers if allowed by state law.

«I'm fighting to hold lenders accountable.In California, this year, REALTORS ® helped pass a law that requires timely responses to short sales and prevents lenders from pursuing deficiency judgments against home owners who are forced to short - sell their home.

Not exact matches

If your creditor breached the peace when seizing the vehicle or failed to resell the car in a commercially reasonable manner, these may be defenses against a deficiency judgment.

If there is a short fall to pay the petitioner in full the petitioner can seek a deficiency judgment form the court against the borrower.

For example, if you've lost investment property to foreclosure and a deficiency judgment has been entered against you, a subsequent lien on your primary residence may remain even after the bankruptcy.

Thus, the buyer would lose the protection against a deficiency judgment in the event of a default

A deficiency judgment is a judgment obtained by the lender in court against the borrower for the difference between the unpaid balance of the secured debt and the amount produced by sale or the fair market value of the security, whichever is greater, in a judicial foreclosure.

That's because banks have the right to purse a «deficiency judgment» against the homeowner when the foreclosure sales proceeds are not sufficient to pay the bank all of the money it is -LSB-...]

They are going to have a «deficiency judgment» against them if it does not sell for the amount of the lien.

This in turn affects the amount of the deficiency judgment the lender may pursue against the borrower related to the unpaid balance of the note.

Some states limit the amount owed in a deficiency judgment to the fair value of the property at the time of sale, while other states will allow the full loan amount to be assessed against the borrower.