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Deficiency judgment

A deficiency judgment is an unsecured money judgment against a borrower whose mortgage foreclosure sale did not produce sufficient funds to pay the underlying promissory note, or loan, in full. The availability of a deficiency judgment depends on whether the lender has a recourse or nonrecourse loan, which is largely a matter of state law. In some…

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Deficiency judgment

Nodes10
Edges9
Triples2
Avg. degree1.8
Density0.2
Components1

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Deficiency judgment

Top relations

is a · 2
Deficiency judgment → court judgment that is a public record of the amount owed and by whom, unsecured money judgment against a borrower whose mortgage foreclosure sale did not produce sufficient funds to pay the underlying promissory note

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Important terminology

deficiency judgment foreclosure loan states mortgage recourse amount law sale lender jurisdictions obtained property non-recourse subsequent acquisition loans many follow

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SubjectPredicateObjectConfidenceSrc
Deficiency judgmentis aunsecured money judgment against a borrower whose mortgage foreclosure sale did not produce sufficient funds to pay the underlying promissory note0.90text
Deficiency judgmentis acourt judgment that is a public record of the amount owed and by whom0.90text

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