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Monthly Archives: September 2019

Forec5

What is a Foreclosure Deficiency Judgment?

By Daniel M. Copeland |

A deficiency judgment refers to a mortgage lender’s judgment against the borrower for the difference between the outstanding balance of the mortgage note, plus costs and attorney’s fees, and the value of the property foreclosed.  For purposes of calculating the amount of deficiency liability, the foreclosed property “value” is the fair market value on the date… Read More »

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