Avoid a deficiency judgment — Lenders can seek a deficiency
judgment against the homeowner and collect any amount they do not recover at sale.
Not exact matches
If a
judgment against you exceeds the liability limits of an underlying policy, such as auto or
homeowners insurance, a personal umbrella policy may help provide an additional layer of coverage.
Often referred to as an umbrella policy, excess liability is the additional protection you need in case a
judgment against you exceeds the liability limits of your existing auto or
homeowners policy.
homeowner wins
judgment against Wells Fargo over mortgage fees)(via Consumerist)
Defended a large group of
homeowners against a claim by a neighboring municipality over the location of a town line / subdivision boundary and obtained a favorable
judgment following trial.
If a
judgment against you exceeds the liability limits of an underlying policy, such as auto or
homeowners insurance, a personal umbrella policy may help provide an additional layer of coverage.
Dear Jessie, As long as these workers are considered independent contractors, your
homeowners insurance and umbrella liability policy will defend you and pay any
judgment against you, up to policy limits.
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-...]