It is too late to hold Anderson liable for a deficiency judgment
. The Bank must be content with what it can collect from Kaiser.
This deficiency judgment
procedure presumes the amount of the debt as established by the foreclosure judgment and merely provides for a hearing on the value of the property....
If a lender desires to obtain a deficiency judgment
, then he or she should make a reasonable effort to value the real property and then make a bid that is commensurate with that value.
Florida courts apparently will not be deluged, with a couple notable exceptions, with hundreds of thousands of actions from banks seeking deficiency judgments
from older foreclosure cases.
Lopa, the Second Department held that the equitable relief doctrine does not prevent a plaintiff in a foreclosure complaint from also requesting a deficiency judgment
After reviewing their situation, the tax adviser suggested that the couple file Chapter 13 bankruptcy to shield them from the $33,000 deficiency judgment
Husband failed to pay, the house went into foreclosure, and a deficiency judgment
was entered against the wife.
The statute also prevented lenders from bidding at a judicial sale or obtaining a deficiency judgment
Lenders using the nonjudicial foreclosure process are prohibited from seeking a deficiency judgment
against the borrower (Sec.
A lender cannot obtain a deficiency judgment
through a non-judicial foreclosure.
Several states imposed new limits on the length of time that a lender could seek a deficiency judgment
after a foreclosure sale.
The deficiency judgment
resulting from the exercise of the default option is examined in Jones .