Deficiency Judgment
Sunday, February 7, 2010 | Comments Off
Deficiency judgment are only in certain circumstances. A deficiency judgment may not be obtained when a property in foreclosure is sold through a non-judicial public sale or if the foreclosure relates to a purchase money mortgage. The reason I’m giving this explanation is that.. beware if your seller has refinanced their loan or done a modification on their loan. The loan is now not purchase money.